(noon. – promoted by ek hornbeck)
Michael Moore’s new film puts spotlight on Petaluma company
By Jeremy Hay, Press Democrat
In “Capitalism: A Love Story,” which opens today around the country, Moore takes aim at what he characterizes as a capitalist culture run amok.
He holds up the bakery – with 117 employees and $24 million in annual revenues – as an example of a successful capitalist alternative, where workers are as powerful as executives, profits are shared equally and workers are valued for more than their labor.
“This could be potentially a new model,” said Cory Fisher, a field producer and researcher for Moore. “A way for workers to feel engaged and not marginalized, and that they have a stake in their future.”
“They stood out,” she said. “They’re successful, their workers are able to make a living wage, they seem empowered and happy and you just start to look around and wonder, “Why aren’t other companies doing this?”
Why aren’t other companies doing WHAT?
Starting their own, Employee Owned Business.
Ever since I saw the film, I’ve been wondering the same thing.
Why aren’t other companies doing this,
Starting their own, Employee Owned Business?
What’s the hold-up? What are the Obstacles? What would be the Benefits?
And HOW would such a hierarchical transition, even work?
How Does an Employee-Owned Company Work?
by Lauren Vork, Contributor
Ownership and Profit Sharing
In an employee-owned company, shares of the company are distributed among all of its workers and are not traded publicly on the stock market. Such companies often implement a system of profit-sharing.
Decision making within a fully employee-owned company happens democratically, but the particulars of organization and hierarchy are determined by the particular company.
That’d be nice, eh? to get ‘a share’ of the Profits, that your blood, sweat, and tears (and stress and creativity) go into producing, day in and day out.
What a Novel Idea!
Surely there must be something else, preventing this from happening — some vacuum of leadership, that would make such Employee-run Companies — grind to a halt?
Companies must have at least 50% of their stock owned by an ESOP, a stock purchase plan in which most full-time employees can participate, a profit sharing plan or other trust, or some combination of such plans.
ESOP: Employee Stock Ownership Plan
PS: Profit Sharing Trust
SP: Stock Purchase Plan
Company City State Plan Industry Employees
Publix Super Markets Lakeland FL ESOP, SP supermarkets 142,000
Hy-Vee W. Des Moines IA PS supermarkets 55,000
CH2M Hill Inc. Denver CO SP engineering/construction 24,800
Golub Corporation Schenectady NY PS supermarkets 24,000
Lifetouch Minneapolis MN ESOP photography studios 20,000
Nypro Clinton MA ESOP plastics manufacturer 18,000
Houchens Industries Bowling Green KY ESOP supermarkets & other services 16,000
Daymon Worldwide Stamford CT ESOP private label broker 15,000
WinCo Foods Boise ID ESOP supermarkets 12,200
Parsons Pasadena CA ESOP engineering/construction 11,500
Black & Veatch Kansas City MO ESOP engineering 9,600
Amsted Industries Chicago IL ESOP manufacturing 9,200
Graybar St Louis MO SP electrical wholesale 8,600
W.L. Gore & Associates Newark DE ESOP manufacturing 8,000
HDR, Inc. Omaha NE ESOP engineering/architecture 7,700
Davey Tree Expert Kent OH ESOP tree service 7,000
So obviously this Model of running a Company CAN Work!
Interesting. Perhaps THIS is the Wave of the Future, we’ve been waiting for?
Perhaps we should be supporting these Employee-based Companies, INSTEAD of their Earth-ravaging counterparts — of the Corporate variety? Corporations where Nameless, Unaccountable CEO’s, making piss-poor decisions, to placate even more Nameless, Unaccountable shareholders, (very far removed from the scene of the
Perhaps putting the workers, in charge of those “shares” would put more “long term” SANITY, back into critical Business decisions?
It’s worth a try … cuz, what we got now, just Ain’t working!
This is a list of notable employee-owned companies.
“Notable” is defined as having an article in Wikipedia, or obviously qualifying for one according to WP:CORP.
— Abt Associates
— Acadian Ambulance
— Alion Science and Technology
— Alliance Holdings
— Alpine Lumber Co.
— American Cast Iron Pipe
— American Excelsior
— America’s Gardening Resource
— Amsted Industries
— Andersen Corporation
— Angeles Millwork and Lumber Co.
— Antioch Publishing
— Armstrong Garden Centers
— Aspen Systems Corporation
— Arvig Communication Systems
— Austin Industries
— AVI Systems, Inc
— Barr Engineering
— Besser Company
— BHA Group
— Black & Veatch Corporation
— Boat USA
— Bob’s Red Mill
— Bradford White
— Branch & Associates
— BRB Contractors
— Brookshire Brothers
— Brown and Caldwell
— Bureau of National Affairs
— Burns & McDonnell Engineering
— Carter’s Foods
— CH2M Hill
— Charles Machine Works
— Chicago and North Western Railway
— Cianbro Corporation
— Columbia Forest Products
— ComSonics, Inc.
— Cooperative Home Care
— Crucible Materials
— Dahl’s Foods
— Davey Tree Expert Company
— DCH Auto Group
— DeRosa Corp.
— Digital Transmission Services
— Drew George & Partners, Inc.
— Dunn-Edwards Corporation
— Ebby Halliday Realtors
— ENVIRON International Corp
Support those good folks if you can. Keep Business decisions, in the hands of the Business Employees — those who really know what’s happening on the ground, in today’s world.
And if you can, look into converting the company you work for, into one of those Employee Owned Businesses. Become part of the Solution, instead of Part of the Problem (– That or maybe start looking for one of those Companies to work for, yourself?)
Giving employees a tangible stake in a company increases productivity and creates a loyal atmosphere that will inevitably lead to greater business success and profits for everyone.
If you can take your Workplace, from here to there.
But where there’s a will, there’s way — I used to always hear growing up. Stranger things have happened, in the wild-west world of Business.
Maybe it’s finally time, for some “saner things” to start happening too?
If not now, when?
As Michael Moore’s film demonstrated, Capitalism is definitely on the skids. Something else needs to rise up and take its place — or were all in a world of hurt, in the long run.
Why shouldn’t that ‘something else’ be,
Hard-working People, taking charge of their own destinies,
by demanding a stake in their own,
Stranger things have happen …