Apr 21, 2022
Employee ownership has a 'moment'
Over two decades ago, EllisDon adopted the employee ownership trust structure to invest in its employees. As proud owners, EllisDon employees over the years have benefited more from sharing the successes of the company while driving innovation and generating prosperity.
In the Globe and Mail’s latest article, “Employee ownership draws closer to breakout moment in Canada,” EllisDon’s President and CEO, Geoff Smith, speaks on why he and the Smith family shareholders made this important decision years ago; “For me, it’s the right thing to do anyway. The employees generate all of the profits that we make. I’ve never frankly understood why capital gets all the excess profits.”
To read the full article, click here: https://www.theglobeandmail.