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August 17, 2006

News & Opinion: Employees as Owners

By: 800-CEO-READ @ 6:41 PM – Filed under: Management & Workplace Culture

The employee-owners are the board of directors of the company and they make all policy decisions. Only employees may serve on the board. Ownership is inextricably tied to employment; upon termination of employment or retirement, an owners share must be sold back to the corporation. Although we get plenty of advice from accountants, attorneys, bankers, and consultantsthe best ones we can findand we have the utmost respect for them and listen carefully to their counsel, they do not make decisions about the company; only employee-owners do. -- John Abrams

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