Supermarket Owner Gives Away Stores to his 400 Employees

Joe Lueken, who owns and manages two grocery stores in Bemidji, Minnesota, and one in Wahpeton, North Dakota, is retiring at age 70. Instead of selling his stores to the highest bidder, though, he will transfer ownership to the stores’ 400 or so employees. The employees will participate in an employee stock ownership program, receiving … Continue reading

Quality Circles

A quality circle is a volunteer group composed of workers, usually under the leadership of their supervisor, who are trained to identify, analyze and solve work-related problems and present their solutions to management in order to improve the performance of the organization, and motivate and enrich the work of employees. When matured, true quality circles become self-managing, having gained the confidence of management. … Continue reading

Shared Decisionmaking

notes on Dube, Arindrajit and Richard B. Freeman, “Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market” in Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. Eds. Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi. (Chicago: University of Chicago Press, 2010). ______________________________________ In their research, … Continue reading

King Arthur Flour, American corporation

Ok, I swear I’m trying to be on vacation and not do work, but then we were buying some flour to make pizza dough, and I remembered that King Arthur Flour was on some list we found of the oldest extant companies in the U.S. Reading the back of the bag of flour confirmed that … Continue reading

Employee Ownership Scenarios

via The National Center for Employee Ownership, “How to Choose an Employee Stock Plan” Private (Closely Held) Companies Companies that plan to go public or be acquired (high-tech startups, etc.): Despite all the stock market and accounting rule changes that have occurred over the last decade, options are still the currency of choice when it … Continue reading

Shared Capitalism

notes from Kruse, Douglas L., Richard B. Freeman, and Joseph R. Blasi, eds. Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. (Chicago, London: University of Chicago Press, 2010). as well as from sources listed at bottom Shared Capitalism is defined by Kruse, Freeman, and Blasi as any of a … Continue reading

ESOPs

notes from Kruse, Douglas L., Richard B. Freeman, and Joseph R. Blasi, eds. Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. (Chicago, London: University of Chicago Press, 2010). And, just as a refresher, here’s Kruse et al.’s definition of an ESOP: In the US one major form for employee … Continue reading