In the world of employee ownership, agreement has begun to crystalize around the idea that broad-based models like ESOPs, worker cooperatives, and employee-owned trusts are powerful tools in the fight to reduce the racial wealth gap in the United States. But exactly how would this happen? And what are the barriers that need to be overcome to truly expand employee ownership amongst business owners of color? In this episode we talk with Sean Tamba-Matthew, and advisor at SES ESOP strategies about how ESOPs can be used preserving minority owned legacy businesses in a way that provides wealth for selling business owners, employee-owners, and the surrounding community.
Sean Tamba-Matthew is a shareholder of the law firm Stevens & Lee and also works with its affiliated business, SES ESOP Strategies. He advises companies, business owners, boards of directors and employee stock ownership plan (ESOP) trustees on transactional, corporate governance and formation matters related to the design and implementation of ESOPs. Sean is also an Adjunct Professor at Temple University’s Beasley School of Law where he co-teaches a Stakeholder Capitalism course. In addition, he’s a member of the leadership council for the Business Law Section of the Pennsylvania Bar Association, an advisory board member of Talley Management Group, an employee-owned company, a member of the executive committee of The ESOP Association’s Public Policy Council. As published in the Philadelphia Business Journal, Sean was named among the 2021 Greater Philadelphia Region’s “40 Under 40” honorees. Sean is an Ohio native from East Cleveland, a graduate of Saint Ignatius High School in Cleveland, and an avid Cleveland sports fan.
GBQ is a full service tax, consulting and accounting firm headquartered in Columbus OH. GBQ provides a full range of ESOP services, including pre-ESOP planning, evaluation & formation services, ERISA compliance, and mature ESOP planning.
The Owners at Work Podcast is a continuation of the biannual Owners at Work Newsletter which ran for 19 years (1990-2019). We are hoping to continue the same conversations and focus on providing updates on everything employee ownership. We plan to interview practitioners with expertise in different facets of employee ownership, academics doing new and interesting research, and most importantly, individuals who have a personal experience with employee ownership, including current and former employee-owners, mid-level to C suite management, and selling owners.
We want to produce a show that engages with relevant questions and provides practical lessons and information. We want this podcast to include the voices of those who practice employee-ownership each and every day. To that end we want to hear from you! We want to highlight what you are doing, whether you are an employee-owned company, a practitioner, or researcher.
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