800-CEO-READ Blog

Employees as Owners

The employee-owners are the board of directors of the company and they make all policy decisions. Only employees may serve on the board. Ownership is inextricably tied to employment; upon termination of employment or retirement, an owner’s share must be sold back to the corporation. Although we get plenty of advice from accountants, attorneys, bankers, and consultants—the best ones we can find—and we have the utmost respect for them and listen carefully to their counsel, they do not make decisions about the company; only employee-owners do. -- John Abrams

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