Word: ands
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Dates: during 2000-2009
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Kiel, who as a business owner and management consultant has worked with nearly 200 companies of varying scale, says he has already seen advantages to employee ownership. "Since the business belongs to the workers, my job is expos[ing] them to how to run a business," he says. "In addition...
Another company within the Evergreen Cooperative group, Ohio Cooperative Solar, offers weatherization services and will soon embark on solar-panel installations - the first a 100-kw system on the roof of the Cleveland Clinic. According to CEO Stephen Kiel, Ohio now has 2 solar megawatts of the 60 the state...
He adds that the spread between the high and low salaries is limited so that the CEO earns no more than five times the lowest-earning entry-level employee. This follows the Mondragon template, which keeps the ratio down to 1 to 4 or 5 (though in a few cases...
One hallmark of the Mondragon model is its use of capital. Rather than flowing into the pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions...
The "Cleveland model," as Evergreen has already been dubbed, creates "a way to stabilize jobs in an area as well as democratize ownership," says Gar Alperovitz, professor of political economy at the University of Maryland and a founding principal of the Democracy Collaborative, a nonprofit organization that has advised Evergreen...