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A new film on employee ownership in the USA   


What does it mean to be an employee owner?
We the Owners: Employees Expanding the American Dream
tells the story of three employee-owned companies: New Belgium Brewing, Namasté Solar and DPR Construction.
ESOP companies are the most typical way for employee ownership in the USA (an ESOP is an Employee Stock Ownership Plan).
This model is particularly designed for business transfers to employees. In this sense, it is clearly the most effective in the world, being shaped as a pension plan with strong tax incentives for both family owners (selling the company to employees) and employees (buying usually 100% of the company for peanuts). More information


Press review
Selection of 29 remarkable articles in 8 countries in February 2013: Finland, France, Germany, Italy, Netherlands, Spain, UK, USA.
: New employee share savings plan for Finnair.
France: Historical shift in corporate governance: Following national bargaining on competitiveness, employee participation on boards will be required in large French companies. As a conclusion of collective bargaining on competitiveness, Renault will reinforce employee share ownership. Employee buyouts through workers' cooperatives: Some recent cases in France. France Telecom: Employee shareholders ask for new share awards to balance the share price fall. New employee share plan for Eiffage.
Italy: DirCredito launches the Manifesto for the promotion of employee ownership in Italy.
: The largest trade union in The Netherlands will support new research on the promotion of employee ownership.
Spain: Key elements to face the crisis: Confidence, cooperation, adequate legislation for employee ownership.
UK: Employee ownership is now being embraced as the most prominent alternative to conventional forms of business ownership. The Government will amend the Companies Act to make it easier for businesses that incentivise their employees by issuing them with shares in the company to buy those shares back when employees leave.
: Several new ESOP companies. ESOP programs are designed to provide ownership interest to the employees of an organization, typically at no cost to the employee. ESOPs are rare in West Virginia, while Weirton Steel (now ArcelorMittal) was the largest ESOP in the United States. For the last 40 years, stock options have been the most egalitarian force in the US economy. New documentary film "We the Owners" now available on DVD.

The full press review is available on:

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   With best regards



Marc Mathieu
Secretary General
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 808 30 33
Web site:
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee ownership and participation in Europe.

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