Obama Signs Historic Stimulus, Singles Out Employee-Owned Businesses

Posted on Thursday, February 19th, 2009 at 5:45 am by dpacheco

Not only did President Obama sign a historic (and historically large) piece of legislation into law Tuesday with the signing of the American Recovery and Reinvestment Act, he showed what kind of companies would be receiving a big slice of the pie by his choice of emcee: Blake Jones, “a leader of Namaste Solar Electric, a Boulder-based company that designs, builds, and installs solar panels for homes and businesses.”

From Entrepreneur.com (h/t Mother Jones):

Each of Namaste’s 27 co-owners receives the same compensation, has equal voice in decision-making, and is afforded the same opportunities to participate in company ownership, says Namaste president Blake Jones, who reluctantly adopted his title to give customers and the media a sense of company leadership….

Namaste staff members have the option to pay into the company to become co-owners, and the company offers low-interest, short-term loans for this purpose. To date, no one has declined the co-ownership opportunity.

“We want everyone to be owners from day one and to know what it’s like in all aspects of the business, including the burdens,” Jones says. “Since we are all masters, we decide what happens with our profits, dividends, bonuses and investments. We make the ‘big picture’ decisions each week in a three-hour meeting.”

Read the whole article here.

Image courtesy of the New York Times.

Digg!
Share

Leave a Reply


Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com