Alternative Exit #18 | Employee Ownership as a Legal and Financial Transaction

Alternative Exit

Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Chris Mackin, a luminary in employee ownership who has spent four and a half decades in this field. He is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts.
Today, he talks about the history of employee ownership in the U.S., the introduction of employee relationships, and the idea of employee ownership in the legal and financial aspects. Listen and enjoy the show!
Key Takeaways:

• The history of employee ownership in the United States
• Introduction of employee relationship
• The misconceptions about employee ownership: It is not socialism
• The vision of an industrial republic
• Importance of changing organizational culture and employee engagement as part of the transition
• Creating democratic capitalism
• ESOP vs EOT
• The biggest challenge to implementing employee-owned structures in companies
• Having future committees in ESOP companies
• The Employee Equity Investment Act

About Chris Mackin
Chris Mackin is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts. He is also a fellow at the Rutgers University School of Management and Labor Relations, where he teaches a course on democratic capitalism and contributes to the Institute for the Study of Employee Ownership and Profit Sharing. He plays an active role in shaping policies that govern employee ownership and participates in employee ownership symposiums around the world.
Connect with Chris Mackin

• -Website: https://ownershipassociates.com/
• -LinkedIn: https://www.linkedin.com/in/christopher-mackin-3238723/

Connect with Andy Farquharson:

• LinkedIn - https://www.linkedin.com/in/andyfarquharson/
• Instagram - https://www.instagram.com/andyfarq
• Website - https://abettermonday.me/
• Email - [email protected]