We are proud to be founding coalition members of this exciting new effort to expand ESOPs!! Employee Stock Ownership Plans have changed millions of lives, and there is so much potential for growth. This goal of Expanding ESOPs is to build on that success by finding new levers to grow employee ownership in America. #esop #employeeownership
Today we are announcing a new coalition of more than 50 organizations called Expanding ESOPs whose mission is to put new energy behind an old idea, Employee Stock Ownership Plans (ESOPs). There is a path to a more inclusive and stronger economy underpinned by #employeeownership but it will take supportive government policy -- we need to modernize the #ESOP laws from 50 years ago. It may sound daunting to pass legislation in today's environment but it can be done for an idea that is so popular across the political spectrum. This is our best shot at having employee ownership reach tens of millions of Americans. Read more about it from Miriam Gottfried in The Wall Street Journal this morning. Ownership Works!