Tag: Employee-Owned Companies
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Employee-Owned Companies Are Not a Fix for Crony Capitalism
Economist: The feeling is mutual … Giving workers shares in a firm may have commercial benefits. Employee-owned companies are more productive and hardier in a recession, according to a 2010 study by Cass Business School. John Lewis, which also owns Waitrose, a posh grocery chain, seems to bear this out. Staff turnover is low; the…