The following is an excerpt from an op-ed in the Financial Times by Pete Stavros, Founder of Ownership Works:
“If shared ownership helps workers and shareholders alike, why isn’t it more common? Deploying this model requires a concerted effort, and it takes a long time to see results. The outcomes for Ingersoll Rand took place over nine years. There are also often deeply held misconceptions about the workforce. That they’ll never understand equity. That they won’t value it. They can’t move the needle on performance, so why do they need stock?
These misconceptions are wrong. Ownership Works, which helps companies implement such broad-based equity programmes, shows there is a way to make the strategy effective. Whether you are a corporate leader, an investor or a board member, shared ownership is something to consider. No silver bullet solution exists to our workplace challenges but providing employees with a stake in their companies has impacts that go far beyond the workforce.”
Read the full op-ed in the Financial Times.
