The Pros & Cons of Employee Ownership Trusts
An employee ownership trust (EOT) is a legal structure that allows a company to be owned by employees that collectively …
An employee ownership trust (EOT) is a legal structure that allows a company to be owned by employees that collectively …
By Staff writer
Known as the nation’s favourite retailer, the secret to the success of the John Lewis Partnership arguably lies in its name. It is one of the UK’s leading firms in terms of employee ownership, with “partners” that actively participate in the business and receive the same percentage of salary paid as a profit-sharing bonus.
To mark Employee Ownership Day on 3 July, Real Business sat down with Postcode Anywhere and its co-founder Guy Mucklow to find out what motivated him to offer staff shares and how the process actually works – both logistically and financially.