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Employees of JL don't own any shares. They cannot be bought or sold or given to employees. 100% of the shares are owned by the Trust. That also means that ever
by M2Ys4U 6y ago
Employees of JL don't own any shares. They cannot be bought or sold or given to employees. 100% of the shares are owned by the Trust.
That also means that every employee effectively has the same stake in the company - those high up in management, for example, don't have a lop-sided number of shares compared to those on the (both literal and metaphorical) shop floor.
JL employees also elect colleagues to hold the management to account, and appoint people to the Board and Trust. How many "traditional employers" allow that to happen?