Book by former Burns & McDonnell CEO praises employee-owned model
Charlie Keegan
and last updated 2021-04-21 11:40:24-04
KANSAS CITY, Mo. â From healthcare to housing, the COVID-19 pandemic has highlighted inequalities across American society. Greg Graves believes wealth inequality will be one of the most eye-opening gaps once the pandemic ends. He has a solution: employee stock ownership plans (ESOPs).
Graves was chairman and CEO of Kansas City, Missouri, based Burns & McDonnell. The engineering firm is employee-owned. That basically means each employee owns stock in the company. As the company does well, the stock value increases, thus the employees gain value.