At $49 Billion Company Essilor, Employees are the Largest Shareholders — and The CEO Says That's the Best Way To Do It
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- 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...