How Employee-Owned Companies are Pushing Back Against Monopolies скачать в хорошем качестве

How Employee-Owned Companies are Pushing Back Against Monopolies

When it comes to increasing corporate concentration and declining competition, Canada is dealing with a double-barrelled problem. On the one hand, big companies are continuing to snap up competitors. On the other, less visible serial acquirers – often private equity firms – are rolling up entire categories of businesses, from dental clinics and veterinarians to laundromats and car washes. Fortunately, a new counter-force has begun to emerge: employee-owned trusts (EOTs). Enabled by legislation that came into force in 2024, these new structures allow rank-and-file employees to buy the companies they work for, providing a different option for owners who want to retire or otherwise exit their businesses. It’s an exceptionally timely development – not just because EOTs are providing an alternative to further concentration, but also because of the nation’s looming succession crisis and a growing desire to keep local companies in Canadian hands. Jon Shell, chair of Social Capital Partners and Canadian Anti-Monopoly Project board member, is perhaps the biggest proponent of EOTs in the country. He joins the Do Not Pass Go podcast to explain their upsides and downsides, and to warn that employee-owned trusts are at risk if the government doesn’t take immediate action on the tax incentives that make them appealing. Learn more about employee-owned trusts here (https://www.employee-ownership.ca/) . Do Not Pass Go is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Do Not Pass Go at www.donotpassgo.ca/subscribe (https://www.donotpassgo.ca/subscribe?...)