On Your Owner The argument for giving employees a piece of the pie
By Mark Henricks •
Opinions expressed by Entrepreneur contributors are their own.
Jack Stack and co-author Bo Burlingham helped validate sharinginformation with employees in The Great Game of Business(Currency Doubleday, 1992). In A Stake In The Outcome (CurrencyDoubleday, $24.95), Stack and his co-author aim to do the same foremployee ownership.
Post-Enron, executives who encourage workers toinvest in company shares are likely to be viewed with suspicion.Stack's premise, however, is that letting employees buy stockin a company can do a great deal to help both parties. And thebenefits go far beyond reducing turnover and easing recruitmenthiring. Done right, employee stock ownership can help each andevery employee act like a true owner. But it's not simple. Eachchapter offers an "Ownership Rule." Some are obvious orshopworn, but others are more far-reaching and groundbreaking.Ownership Rule #9 states, "Getting out is harder than gettingin." It addresses the fact that if you let employees buystock, you have to provide the money and method for them to sell itback.
Memorial Day Sale - Save 20%! Unlock this premium article & so much more with Entrepreneur+
Join the internet’s leading entrepreneur community with our Memorial Day sale! With your subscription, you'll get:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
Use code SAVE20 at checkout.