Economics

In the News

Firms turning employees into owners

19th May 2019

The BBC uses the announcements by Richer Sounds and BT to look at the incentives for firms to opt for employee-ownership. Higher productivity, lower staff turnover, more innovation and the ability to make better long-term plans. What's not to like? A good read when thinking about the principal-agent problem common to many organisations.

Today our founder Julian Richer announced that he is handing control of the business over to the staff. Richer Sounds is now one of the biggest UK companies to embrace employee ownership in recent years. Find out more... https://t.co/2UrHmInjjf pic.twitter.com/RYuEuWmDjy
— Richer Sounds (@RicherSounds) May 14, 2019

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.