The following is an excerpt from an op-ed in Fortune by Vicente Reynal — Chairman, President, and CEO of Ingersoll Rand — on the power of employee ownership:
“Skeptics often argue that broad-based ownership is too complex, especially in global industrial companies with a distributed workforce. We’ve found the opposite. With the right leadership commitment and execution playbook, it can be done anywhere. Shared ownership has boosted our company culture, bringing us together across teams and geographies. It is also central to how Ingersoll Rand operates and grows. In recent years, we’ve acquired more than 75 companies, many of them family-owned. Increasingly, sellers see our commitment to shared ownership as a signal of how we treat our people and steward long-term value.
Employee ownership isn’t a side program or a social experiment — it’s a leading business strategy that is good for the economy and good for workers. That is why I support efforts like Ownership Works, which helps companies across industries adopt shared ownership as a repeatable value-creation strategy.”
Read the full op-ed on Fortune.
