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The European ESOP – A New Model of Employee Ownership
Manage episode 408308467 series 2630259
SUMMARY: When we look into the field of employee ownership three major models come to mind, employee stock ownership plans (ESOPs), worker cooperatives, and employee-owned trusts. But practitioners are always looking to improve existing models and in some rare cases develop new ones. In this first episode of season five we speak with David Ellerman and Tej Gonza of the Institute for Economic Democracy about a new model they have developed which combines features of the ESOP and worker cooperative models – what they term the “European ESOP”. Thier hope is this model that can drive the expansion of broad-based employee ownership in Slovenia – the country where they both live – as well as the European Union more generally. We talk about what features of worker cooperatives and ESOPs were retained and why, how the model functions, and the process for getting supportive legislation passed in Slovenia to encourage the adoption of this model.
Further Reading:
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The Institute for Economic Democracy: https://ekonomska-demokracija.si/eng/
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The ESOP Coop Model Explained: https://ekonomska-demokracija.si/wp-content/uploads/2023/01/European-ESOP-IED2022.pdf
Guest INFO :
-
David Ellerman: https://ekonomska-demokracija.si/eng/david-ellerman/
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But they take time and money to produce. Consider making a DONATION today to help keep our work going.
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
52 episodes
Manage episode 408308467 series 2630259
SUMMARY: When we look into the field of employee ownership three major models come to mind, employee stock ownership plans (ESOPs), worker cooperatives, and employee-owned trusts. But practitioners are always looking to improve existing models and in some rare cases develop new ones. In this first episode of season five we speak with David Ellerman and Tej Gonza of the Institute for Economic Democracy about a new model they have developed which combines features of the ESOP and worker cooperative models – what they term the “European ESOP”. Thier hope is this model that can drive the expansion of broad-based employee ownership in Slovenia – the country where they both live – as well as the European Union more generally. We talk about what features of worker cooperatives and ESOPs were retained and why, how the model functions, and the process for getting supportive legislation passed in Slovenia to encourage the adoption of this model.
Further Reading:
-
The Institute for Economic Democracy: https://ekonomska-demokracija.si/eng/
-
The ESOP Coop Model Explained: https://ekonomska-demokracija.si/wp-content/uploads/2023/01/European-ESOP-IED2022.pdf
Guest INFO :
-
David Ellerman: https://ekonomska-demokracija.si/eng/david-ellerman/
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But they take time and money to produce. Consider making a DONATION today to help keep our work going.
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
52 episodes
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