At $49 billion company Essilor, employees are the largest shareholders — and the CEO says that’s the best way to do it
|11/08/2018||Posted by BusinessMediaguide.Com under General World News||
- The Essilor Group, an ophthalmics company based in France, has an employee stock ownership plan (ESOP). Its employees are its largest group of shareholders.
- All employees, regardless of seniority, are eligible to purchase shares, and Essilor matches the investments up to a certain amount.
- Employees can also vote on company decisions through the employee shareholder association.
- Other companies, like Sears, have adopted ESOPs in the past — but it’s not for every organization.
- This article is part of Business Insider’s ongoing series on Better Capitalism.