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EMPLOYEE-OWNED COMPANIES A growing trend



Published: Sun, August 18, 2002 @ 12:00 a.m.



In 1974, Congress passed laws to encourage companies to sell their stock to employees. Since then:

More than 11,500 companies in the United States are at last partially employee-owned.

About 2,500 are majority-owned by the employees.

About 1,500 are completely owned by the employees.

More than 9 million people work in employee-owned companies.

Nine percent are publicly traded.

Four percent are unionized.

At least 75 percent of employees used borrowed funds to buy the company stock.




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