European Employee Stock Ownership Plan (ESOP): the main structural features and pilot implementation in Slovenia

Ellerman, David; Gonza, Tej; Berkopec, Gregor

doi:10.1007/s43546-022-00363-7

Cited by 6 publications

(2 citation statements)

References 22 publications

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“…I call this the Co-op-ESOP model. 32 In this model, the ESOP trust is replaced by a democratic worker cooperative whose members are all the employees in the underlying corporation. The Co-op-ESOP model increases its share of the ownership over a period of years, and when it reaches 100 percent, then the company can be consolidated and collapsed into the cooperative, which would then function as a Mondragon-style worker cooperative.…”

Section: Esop Modelmentioning

confidence: 99%

Fallacies about Corporations: Comments on “Democratizing the Corporation”

Ellerman¹

2023

Politics & Society

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Section: Esop Modelmentioning

confidence: 99%

Fallacies about Corporations: Comments on “Democratizing the Corporation”

Ellerman¹

2023

Politics & Society

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“…Steps in setting up a platform Co-op ESOP We use the phrase "Co-op ESOP" to mean an ESOP with a participative/democratic governance structure or to the type of ESOP used in the Slovene model where the trust is replaced by a special type of worker co-operative (Ellerman et al, 2022).…”

Section: Worker Ownership Through a Platform Esopmentioning

confidence: 99%

Bringing workers into ownership of platform companies

Gonza

Ellerman

2022

JPEO

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PurposeIn addition to increased regulation and platform co-operatives, this paper proposes a third option to address the problem posed by the labor-based platform (LBP) companies and companies' treatment of de facto employees as “independent contractors,” thus avoiding the usual employee benefits.Design/methodology/approachThe paper outlines the history and structure of Employee Stock Ownership Plans (ESOPs) as a mechanism to achieve partial worker ownership of companies.FindingsThe possibility of establishing ESOPs in the local subsidiaries of platform companies is outlined as the third option to reform LBPs.Practical implicationsWhether this option is available in the United States of America is not clear without new litigation or legislation since the existing USA ESOP is for “employees” and the problem is that the LBPs do not classify these platforms' full-time workers as “employees.” Hence, this third option may be mainly relevant to other countries for LBPs that are not already established.Originality/valueThe ESOP approach to changing LBPs is a new suggestion in addition to the usual approaches of increased public regulation and establishing new worker-owned platform co-operatives. The ESOP is a new tool in the hands of municipal and national governments to require in order for the LBPs to be able to operate.

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A critical analysis of different forms of employee ownership

Ellerman,

Gonza

2024

International Review of Applied Economics

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European Employee Stock Ownership Plan (ESOP): the main structural features and pilot implementation in Slovenia

Cited by 6 publications

References 22 publications

Fallacies about Corporations: Comments on “Democratizing the Corporation”

Fallacies about Corporations: Comments on “Democratizing the Corporation”

Bringing workers into ownership of platform companies

A critical analysis of different forms of employee ownership

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