Private equity heavyweight pushing employee ownership | 60 Minutes

1. This is part of what is missing in the US today. This is a part of what is needed to reduce some of the wealth gap inequity. If this gap is not reduced, things will only get worse.

2. Skin in the game is the way.

3. Turns out, putting all your equity offering on CEOs (one person) wasn’t that bright of an idea. Lol. Turns out they will just milk the company for fast money. Lol.

4. It is tough to throughly explore this topic in under 20 minutes.
   When you do a 10 minute search of this firm you begin to see there is more to it than what is presented here.
   When you ask questions and take the time to think…you get a much fuller understanding of what is going on.

5. Employees should always control 51 percent of their company stock. It should be a law that makes it illegal to sell a controlling stake in any company to an outside investor, so the investors can never force decisions that are not in the best interest of the company employees. Stock holders and CEO’s should not be able to ruin a company and then move on to the next victim company after stealing all of the hard earned equity that the employees have built up.

6. The mythos and outright lies of American Capitalism run deep in our culture and the brainwashing starts the moment we are born.

7. Its not a "wealth canyon" either. You need to think in terms of space-time and light years.

8. I love the concept. Too bad greed gets in the way of making it commonplace.

9. So… socialism/communism?

10. U have 2 🐝 😴 2 🐝 🍃 it

11. Socializing the workforce to get all the benefits of bullying, harassment, snitching and cannibalism of the acquisition with none of the economic consequences. You can see him almost smile every time you ask a question that has nothing to do with the real concern here.

12. Commies!

13. Yea, but what about the new employees, how does the equation hold up?

14. 60 Minutes. Please investigate Employee Ownership further. There are several varitions for ESOPs. Your example is NOT one of the better ones. But thanks for getting the topic out once again in the public eye.

15. Workers profiting from the shares of the means of production, there’s nothing wrong with a little socialism.

16. If you’re not getting raises within the 5 years before they sell, you’ll know it was a scam. Also, make sure you don’t quit before the payout because you don’t actually own anything once you’re not an employer

17. Gonna go enron. Do employee ownders get daily reports on the company financial disclosures

18. This guy still makes to most money and works the least. It's just another sociopath who learned to say the right things.

19. Better for all, but much more for rich still

20. I can see this working for companies that produce products like the company featured in this story. Definitely not the service industry – not healthcare, not veterinary medicine, not assisted living, not construction. I can see these companies and their employees, under private equity, recommending expensive services that aren't needed, or even false diagnoses, just to boost profit margins. I can see them using faulty building materials in a home, or recommending deceptive investment tools. While some hardcore capitalists aren't intentionally evil, they sure do have blinders on that can lead to evil.

21. Lately this ESOP is being dialed back. Seems some owners don’t see the value

22. Amazing.

23. It’s a beautiful concept ! Happy employees are highly productive. They actually make the profits happen. May this movement wave thru our culture !!!

24. Private equity is a cancer of this country

25. Does an ESPP count?

26. This guy might be on to something….
    Who has read his research paper?
    Wonder if the turnover rate is lower?

27. CEOs and executive VPs are the nobles and we are the serfs.😞

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