Connect with us

Hi, what are you looking for?

Politics

Should Public Companies Offer Employee Stock Options?

If you owned stock in the company you worked for, would you care more? That’s one of the ideas behind employee stock options. Several big corporations, such as Publix, allow employees to become shareholders, increasing their engagement and stake in the organization. On this Millennial Minute debate, host David Grasso chats with op-ed tech columnist Emil Skandul and financial advisor at Payne Capital Management Aaron Dessen. They discuss the pros and cons of employee stock options, worker co-ops and capitalism. 

The pros of employee stock options

Tesla has been booming lately, and they are one of the big corporations that provide stock options to employees. Dessen says many higher-up Tesla engineers have become millionaires on paper because of their shares. One pro of this is that these employees will most likely stay in the organization, leading to a lower turnover rate. Skandul adds that these stock options increase worker productivity and improve workplace culture. Workers have better output when they have a personal investment in the company. He believes that employee stock options should be optional instead of a requirement.

Capitalism and worker co-ops

A broader conversation around employee stock is capitalism. Dessen believes that offering equity shares to employees can cast a more positive light on capitalism and show that it does benefit workers. Skandul agrees to an extent that capitalism is not all bad and has created many improvements in society. He doesn’t go so far as to say capitalism should be overturned by socialism. But he believes we should reform capitalism with programs such as worker co-ops, where workers “participate in the profits, oversight and often management of the enterprise.” He believes that this could take the idea of employee stock options to the next level. What do you think? Do you wish your employer offered you a stake?

For more Millennial Minute, check this out.

16 hours ago
Should those students be vaccinated before they go back to school? 🏫

https://t.co/0otULDUH45
17 hours ago
Why Are Female Founders Less Funded? - https://t.co/eLKXloN1re
18 hours ago
There's a lot of money behind fake news. How can we fight it?

https://t.co/XHA4DzR713
20 hours ago
Kings of Leon will be the first band to release an album as a non-fungible token (NFT)! What does that mean?
@kingsofleon #NFT #cryptocurrency #blockchain

https://t.co/2EG7Woc1wM https://t.co/3XaY3nUaMs
22 hours ago
With @elonmusk's #SpaceX rocket exploding on the landing pad. We had to wonder whats the future of space travel? Can this be fixed? To prevent another explosion.
https://t.co/o1OsHGznQr

You May Also Like

Business

Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Bold TV

Welcome back to Bold TV! Join our hosts, David Grasso and Julia Sun, and watch live at 12PMEST on Facebook and Twitter. *Update: Watch...

Opinion

I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it...

Business

Zillow’s recent site updates caused a glitch that removed reviews and sales from realtor profiles nationwide, possibly taking away credibility and the prospect of...

Copyright © 2021 Bold TV