New CEO at SAIC

On March 1, John Jumper, the former chief of staff of the Air Force, became the CEO of one of the best-known companies in employee ownership, SAIC. The company, which pioneered the use of an internal market, became publicly traded in 2006 and has since reduced the ownership percentage and voting power of its employee shareholders. According to a profile in the Washington Post, Jumper has read Robert Beyster's book on the development of the company and its employee ownership. He says he is committed to its founding principles and its spirit, though he feels that its units cannot operate "with all of the freedom that Dr. Beyster was able to give in a different world."