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Learn moreWinner of the William Foote Whyte and Kathleen King Whyte Book Prize from the Rutgers Institute for the Study of Employee Ownership and Profit Sharing
Employee ownership creates stronger companies, helps workers build wealth, and fosters a fairer, more stable society. In this book, two leading experts show how it works-and how it can be greatly expanded.
Why are wages stagnant and wealth inequality increasing? One factor has inexplicably been left out: who owns the companies that drive the economy. Ownership gives people a claim to the fruits of free enterprise. Employee ownership gives workers-the people who have a stake in the company-a fair chance to benefit from their labors.
In three simple parts, Corey Rosen and John Case create a powerful argument for why employee ownership is the answer to capitalism's crisis and how to implement it:
1. What's wrong with what we have-The authors explain why companies usually end up being sold off to investors and the often-horrific consequences that result for workers, communities, and the environment.
2. How can we change things?-This section shows how overlooking ownership limits attempts to reform capitalism and why employee ownership is a realistic and practical way to save capitalism from its own excesses.
3. Reinventing capitalism for the 21st century-This section describes how employee ownership has been done, is being done, and can be expanded and gives examples of companies of all sizes and sectors.
Corey Rosen, PhD, is the founder and senior staff member of the National Center for Employee Ownership. He is a coauthor, along with John Case and Martin Staubus, of Equity: Why Employee Ownership Is Good for Business. He writes frequently on employee ownership and serves on several ESOP company boards.
John Case is a veteran observer and analyst of the business world and a nationally known writer on business and economics. He is an author or coauthor of six books and a collaborator on many others, including the international bestseller Financial Intelligence.
Reviews
Required reading for anyone seeking a practical way to make capitalism work for the many, not the few.-Robert Reich, former US Secretary of Labor
This book is the canary in the coal mine for American capitalism-a warning that the system risks expiring because of its increasingly skewed benefits. Rosen and Case offer a compelling and practical path to a better form of capitalism through employee ownership-and not just for workers but for all Americans.
-Roger L. Martin, author, strategy advisor, and former Dean, Rotman School of Management
We have seen incredible success in our own business after becoming employee owned. This book shows how companies focused on long-term growth strategies with an employee-centric culture will create a better world.
-Ashleigh Walters, President, Onex
A brilliant, eminently readable work with powerful arguments, great stories, and sharp ideas on reforming capitalism.
-Joseph R. Blasi, Distinguished Professor and Director, Institute for the Study of Employee Ownership and Profit Sharing, Rutgers University
For forty years, employee ownership has helped us create one of America's most successful companies. Rosen and Case guided us through those years. Now this book can help you-and the economy-get there too.
-Jack Stack, CEO, SRC Holdings Corporation
I love this book. It puts on the table the critical issue of ownership-oddly missing from dialogue on building a fairer economy. It's an accessible, fun read, worth every minute.
-Marjorie Kelly, Distinguished Senior Fellow, The Democracy Collaborative
This book provides . . . a lightbulb moment for the future of capitalism.
-Graeme Nuttall, OBE, Partner, Fieldfisher Expand reviews