A “Robust and Sustainable Economy” through Employee Ownership

This interesting article appeared recently on the Economic Intelligence Blog of U.S. News  explaining how Employee-Owned businesses are the key to a “more robust and sustainable economy.”

The article focuses on the success of John Lewis Partnership in England. A company that is 100% owned by its 81,000 employees, and boasted a $13.7 billion in 2011 revenues. While remaining profitable during the Great recession, the company also managed to provide fair compensation and give employees control over the business through a “generative ownership” model. U.S. companies likewise benefit from employee ownership, often out performing similar non employee-owned businesses with “lower staff turnover, higher trust, and greater shareholder value.”