Employee Ownership

Essay specific features

 

Issue:

Business

 

Written by:

Carolyn J

 

Date added:

April 5, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2949

 

Was viewed:

1468 times

 

Rating of current essay:

 
Essay content:

Employee-owned corporations often adopt profit sharing where the profits of the corporation are shared with the employees. They also often have boards of directors elected directly by the employees. Some corporations make formal arrangements for employee participation, called Employee Stock Ownership Plans (ESOPs)...
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However, critics caution that democratic leadership can lead to slow decision-making, and employee stock ownership can increase employees' financial risk if the company does poorly. Notable employee-owned corporations include the John Lewis Partnership in the UK, and the US firm Tribune Company. Most features of employee-owned corporations described in this article are not specific to any one nation...
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