Owners at Work

Business & Economics Podcasts

Interviews leading experts on issues pertaining to employee ownership including building an ownership culture, management practices, succession planning, economic development, and so much more.

Location:

United States

Description:

Interviews leading experts on issues pertaining to employee ownership including building an ownership culture, management practices, succession planning, economic development, and so much more.

Language:

English


Episodes

From Family-Owned to Employee-Owned - The Hamill Manufacturing Company

1/24/2023
Guest: Jeff Kelley, Hamill Manufacturing Company SUMMARY: In this episode we speak with Jeff Kelly, former CEO, selling owner, and current Chairman of Hamill Manufacturing, a Pennsylvania based precision and fabricating company which serves the defense, aerospace, and power generation industries. We talk to Jeff about what led him to begin working at the company in 1976 (which is father owned), why he chose to sell the company to the employees using an ESOP, the importance of legacy and...

Duration:00:33:56

Lessons from the Field: Communicating Ownership

12/12/2022
In this episode we sit down with Bina Smith who is the HR Generalist and Communication Committee chair at Palmier Donavin, a 100% employee-owned company. The interview covers a wide range of areas and draws on Bina’s 8 years of experience serving on her companies communication committee. The discussion includes how to build an ownership culture at a company with multiple locations and a complex production process, general principles for approaching communication around your ESOP, and...

Duration:00:31:23

The EO State Centers (Owner to Owner Podcast Rebroadcast)

11/21/2022
So, what exactly are state employee ownership centers? What do they do, and why do we need more of them? This episode is a re-broadcast of an interview originally aired by Owners to Owners – another podcast that focuses on employee ownership. Jesse Tyler, the host of Owners to Owners, sits down with Matt Cropp of the Vermont Center for Employee Ownership, Steve Storkan of the Employee Ownership Expansion Network, and Michael Palmieri of the Ohio Employee Ownership to discuss how state...

Duration:00:55:02

Maintaining Culture Through Rapid Growth and Change

11/9/2022
SUMMARY: In this episode we speak with Deanna Colombo of Butler/Till a women owned, 100% employee-owned, and Certified B Corporation marketing agency located in Rochester NY. We talk about all things culture and communication, and how both can be maintained through periods of rapid change and growth. In the past two years, Butler/Till has nearly doubled its workforce, opened up a new headquarters, and implemented a hybrid work option – all while navigating covid. Throughout this period, the...

Duration:00:49:35

Reinventing Companies, Capitalism, and Who Owns What

9/15/2022
SUMMARY: In this episode we speak with Corey Rosen, founder of the National Center for Employee Ownership about a his new book he co-authored with business reporter John Case. The interview is wide ranging and touches upon what is driving economic inequality today, how employee ownership is a practical and transformative solution, the role of private equity in employee ownership, the importance of governance rights vs. increased economic security, whether the ‘moment’ employee ownership is...

Duration:00:36:27

LLC ESOPs? The Facts, Risks, and Possibilities

9/9/2022
It is common understanding that only C-corporations and S-corporations can sponsor Employee Stock Ownership Plans (ESOPs). But is this indeed the case? In this episode we speak with Mike Sorice about how LLCs can indeed sponsor an ESOP and the reasons why some have chosen this option. We talk about the differences between LLCs and other types of corporations, how LLCs can be structured to sponsor an ESOP, as well as the risks associated with doing so. SUPPORT THE SHOW: We make all episodes...

Duration:00:32:37

Third Party Administrators - The Who, What, When, and Why

8/16/2022
SUMMARY: In this episode we speak with Pete Shuler of Blue Ridge ESOP Associates and go into the mechanics of ESOP administration and talk about Third Party Administrators (TPAs) – what they are and do, why they do it, and how you as a plan administrator in your company can take steps to ensure your relationship with your TPA is strong, efficient, and useful. SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to...

Duration:00:38:54

New Research: How Employee-Owned Companies Weathered Covid-19

5/26/2022
SUMMARY: A growing body of research shows that employee-owned companies outperform traditional companies on a range of measures, especially during economic downturns – but is has this pattern continued through covid-19? On this episode we speak with Nancy Wiefek and Nathan Nicholson of the NCEO about two recent research projects that seek to answer this very question. Spoiler alert, employee-owned companies continued to outperform traditional companies, provide increased employment...

Duration:00:57:33

Cooperative Development in Ohio: Reports from the Field

4/11/2022
In this episode we speak with Jonathan Welle of Cleveland Owns and Ellen Vera of Co-op Cincy – two Ohio-based nonprofits that are working around cooperative development and community wealth building. We dig into how both Jonathan and Ellen began working on cooperative development, mission of vision of their organizations, and talk about programs and initiatives they are currently working on to build community and worker owned enterprises SUPPORT THE SHOW: We make all episodes of Owners at...

Duration:00:26:44

State of the State Centers

2/18/2022
Owners at Work is back for season 3! In our first episode of this season we speak with Steve Storkan, Executive Director of the Employee Ownership Expansion Network (EOX) - a national nonprofit focused on establishing and supporting a network of independent nonprofit State Centers for Employee Ownership. We talk about the steady growth in number of state centers since EOX’s founding, the importance of being open to all forms of employee-ownership, successful strategies to engage public...

Duration:00:31:25

Growing Employee Ownership Through Acquisitions

12/21/2021
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going 2022 Annual Conference - https://www.oeockent.org/resources-events/annual-ohio-employee-ownership-conference SUMMARY: In the US there are over 14 million employee-owners working at 7,000 companies. Yet, the sector still has enormous potential to grow. In this episode we speak with Chris...

Duration:01:09:11

Taking Stock and Looking Forward: Employee Ownership Updates

11/4/2021
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going SUMMARY: In this episode we take stock of employee ownership developments in Ohio and discuss how covid has impacted businesses and employee-owned companies from a macroeconomic perspective. First, Mike Palmieri trades in his co-host hat and becomes a guest as he discusses two new reports...

Duration:00:49:21

How Wise Consulting Maintained its Ownership Culture Through Covid

10/12/2021
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going OEOC UPCOMING PROGRAMS Southwest Forum Communication Roundtables SUMMARY: In this episode we speak with Eamon Muholland, Senior Consultant at Wise Consulting and current head of the company's communication committee. We discuss how the company, a relatively new ESOP, maintained its...

Duration:00:38:08

Building Community: How A Few Cool Hardware Stores Transitioned to Employee Ownership

9/23/2021
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going SUMMARY: Sometimes companies transition to employee ownership to help spark a transformation in workplace culture, in other cases a move to employee ownership is the continuation or next logical step in a vibrant company culture that already exists. A Few Cool Hardware Stores is firmly in...

Duration:00:43:29

Rethinking Your ESOP Company's Repurchase Obligations

8/25/2021
Repurchase obligations are a major component of ESOP administration and the main way in which employee-owners benefit from owning a financial stake in the companies they worked for. Yet, these obligations are often seen as a burden, and in some cases, can lead to the freezing or termination of the ESOP plan. In this episode we speak with Josh Young of UBS about how ESOP companies can rethink their approach to repurchase obligations in a way that reframes obligations as something to...

Duration:00:25:13

Preserving Beacons of Hope, Reducing the Racial Wealth Gap Through Employee Ownership

8/9/2021
In the world of employee ownership, agreement has begun to crystalize around the idea that broad-based models of employee ownership, like ESOPs, worker cooperatives, or employee-owned trusts are powerful tools in the fight to reduce the enormous racial wealth gap in the United States. But exactly how would this happen? And what are the barriers that need to be overcome to truly expand employee ownership amongst business owners of color? In this episode we talk with Sean Tamba-Matthew, and...

Duration:00:47:02

Preparing for and Executing a Sale to an ESOP - The Douglas Company

7/8/2021
In this episode we speak with President Pete Douglas and Executive VP Finance and Administration, David Brockbader of the The Douglas Company about their recent transition to employee ownership via an ESOP. The interview also includes Franco Silva, Director, Prairie Capital Advisors who was one of the main advisors for the transaction. In this episode we dig into the importance of preparing for a transition, lessons learned, and the often overlooked emotional side of selling a...

Duration:00:30:22

Are Diversity, Equity, & Inclusion Employee Ownership Values?

6/3/2021
Diversity, Equity and Inclusion (DEI) is something we hear a lot about, but what exactly do these terms mean, and what do they look like in an employee owned company? In this episode we sit down with Dr. Joy and Ty Miller of Carver & Associates to talk about some of the preconceived notions that surround DEI, ways in which these values can be put into practice, and what first steps individuals in both managerial and non-managerial roles can take to begin to learn more about DEI. One of the...

Duration:00:48:28

New Loan Funds for Employee Ownership

3/30/2021
Small businesses account for nearly half of all jobs in the US economy, and nearly half of all small businesses are owned by Baby Boomers who will retire in the next few decades in what has been termed the "silver tsunami". These businesses are integral to local communities, and there continued operation is key to building back our economy. In this episode we talk to Brett Jones of Evergreen Cooperatives and Ellen Vera of Co-op Cincy about each of their organization's new loan funds designed...

Duration:00:54:21

Getting to the Other Side

3/8/2021
Research consistently shows that employee owned companies whether economic downturns better than their conventional counterparts, but we rarely get an 'inside view' of this outcome is achieved. In this episode, we sit down with Bernie Murphy, President of the Ohio based ESOP company Jones Hamilton, as well as the company's valuation advisor Michael McGinsley of Prairie Capital. We talk about their journey through the covid crisis, the tools and strategies they used to ensure that the company...

Duration:00:39:53