Unlock the secrets to transforming your business and community through the power of shared ownership. Join me, Joel Skeen, as I engage with Jenny Everett and Mark Hand from the Research Cluster on Employee Ownership and Workplace Democracy. We explore how private equity is driving new trends in employee ownership, spotlighting Blackstone's innovative equity-linked incentive program for 18,000 employees. Additionally, we delve into the overlooked financial pitfalls tech workers face due to fossil fuel investments and the White House’s recent move to cancel $7.7 billion in student debt. You'll also discover how real estate crowdfunding could be the key to unlocking new local investment opportunities, reshaping financial landscapes, and preserving individual legacies.
We'll also unpack the success factors behind employee ownership and its profound ripple effects on businesses and communities. With insights from executive coach Drew McClure, Jenny, and Mark explore promising yet under-researched areas like profit-sharing and community reinvestment. Hear about the bipartisan support for these initiatives, with endorsements from figures like Ronald Reagan and Bernie Sanders. We tackle the urgent "silver tsunami" issue, where retiring business owners can consider employee ownership as a viable succession plan. This episode is essential listening for anyone interested in how investing in employees can help preserve legacies and create lasting community impact.
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