Ridesharing Company with Broad-Based Ownership Sells to Private Equity

Attentive readers may recall that startup ridesharing company Juno made a big splash when it promised to be a different kind of ridesharing company, one that treated its drivers well, including sharing equity with them. This year, Juno was bought out for $200 million by a private equity group.

Ring in the New Year; Ring Out the Old

Loren Rodgers, the NCEO's executive director: "I feel lucky because a big part of my job is talking with people about their dreams for their companies.

Robert Fulton, Founder of Web Industries, Dies

Robert Fulton, the founder of ESOP owned Web Industries, died on November 18 at the age of 86. We at the NCEO wanted to include this in our update because Bob and the company he created have been such seminal figures in employee ownership.

Robert Oakeshott

The founder and long-time executive director of the UK's Employee Ownership Association (EOA), Robert Oakeshott, died on June 18. Mr.

ROBS, ERSOPs, and Ersatz ESOPs

In the last few years, there has been quite a bit of promotion of something called an "ERSOP" (employee rollover stock ownership plan).

Rollup Creates Largest Worker Cooperative in Maine

Employees of three rural businesses in Maine worked with the Cooperative Development Institute and the Independent Retailers Shared Services Cooperative to form a new business, the Island Employee Cooperative (IEC), which bought the three businesses from their original owners.

Rosen-Case Ownership Book Wins Book Prize

Ownership: Reinventing Capitalism, Companies, and Who Owns What won the 2023 William Foote Whyte and Kathleen King Whyte Book Prize for the best book of the year on shared capitalism.