Types of Employee Ownership and Why They're Good for Business

On June 16th, Sue Crockett, current MNCEO Executive Director, shared her experience with the Exit Planning Institute on employee ownership and how it assists owners to achieve a lasting legacy while remaining loyal to their current employees. During this 20 minute podcast, she explains the difference between the most popular three forms of employee ownership: ESOP, Employee Ownership Trusts, and Worker-Owned Cooperatives. Finally, she explained the results of the data study that was just conducted by MNCEO that concludes that 60% of Minnesota’s business owners don’t have a succession plan and 40% don’t even know of their options.