Agnostic.com

1 0

LINK Employee-Owned | WinCo Foods

Oh, that socialism . . . It is so fucking bad!
.
"Unlike a publicly traded stock valued on the open market, the per share value of WinCo's stock is appraised annually by an independent valuation firm selected by the ESOP trustee. ESOP stock values have averaged increases of 18% compounded annually since 1986. That means an employee who received a company contribution of $5,000 worth of stock in 1986 now has stock worth almost $863,000 from that one year alone!"

Archeus_Lore 7 Sep 3
Share

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

1 comment

Feel free to reply to any comment by clicking the "Reply" button.

0

We are not allowed to open the link in the UK. Can't have those foreigners thinking the USA is developing a social conscience

It is relatively short, the content, minus the graphics is as follows:

WinCo Foods is proud to be employee-owned...
We believe our employees should share in the success of our company in a tangible way. That's why we created an Employee Stock Ownership Plan ("ESOP" ) more than 30 years ago. Participating in the ESOP program means employees are part owners of the company and benefit financially from a job well done. In this way, there is direct incentive for employees to work hard and take pride in what they do; that is why our stores are cleaner, our prices lower and our smiles are bigger. Additionally, being employee-owned means WinCo Foods is owned by members of the local community.
How our program works:
Each employee owner becomes a participant in this program after:
Working at least 500 hours in the first 6 months of employment
Reaching 19 years of age
Accumulating 1000 hours each fiscal year
WinCo’s ESOP never involves contributions from the employees; all contributions are entirely made by the company.
Our ESOP's Solid Financial Performance:
Unlike a publicly traded stock valued on the open market, the per share value of WinCo's stock is appraised annually by an independent valuation firm selected by the ESOP trustee. ESOP stock values have averaged increases of 18% compounded annually since 1986. That means an employee who received a company contribution of $5,000 worth of stock in 1986 now has stock worth almost $863,000 from that one year alone!
At WinCo Foods, being an employee owner means having a stable present while building your future. Our employees enjoy industry competitive wages and the long term investment that comes from company ownership.

@Archeus_Lore Thanks. A great idea. I think there are a few such companies in the UK but they are very rare.

You can include a link to this post in your posts and comments by including the text q:397620
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.