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Job Quality and Employee Ownership: An Interview with Rick Plympton (CEO, Optimax)

Recently, I connected with Optimax CEO Rick Plympton to discuss his design of an innovative employee ownership trust transition plan for his company. Optimax ownership created a new nonprofit perpetual trust that owns the company. The trust’s purposes include ensuring the business will not be sold to another entity, will continue monthly profit sharing with employees, and will position the company for ongoing growth. This approach will provide for the eventual retirement of the owners while also buttressing the resiliency of the company and ensuring it continues to contribute to the region’s economic and social needs.
Rick is a leading business voice in Rochester, New York. Based on his efforts, he was selected as an Aspen Institute Job Quality Fellow. He has been a wonderful thought partner on strategies to build better jobs for America’s workers. This conversation is part of our Job Quality in Practice series, and we’re grateful to Prudential Financial for their supp ....

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Dec 15 - Moving Beyond Gratitude: Opportunities to Improve Essential Work

Moving Beyond Gratitude: Opportunities to Improve Essential Work
Description
Among the many unexpected lessons of 2020 was a recognition of the importance of essential workers. We saw how much we rely on the people who work in our food systems, who care for our children and our loved ones, who deliver packages, and who keep our public spaces clean. We learned to say thank you to so many of them, and in this season of thanks, we reflect on how we can do more than say thank you by improving the quality of essential jobs. As the year draws to a close, we discuss the important role of essential workers in our economy and society and a variety of approaches for improving essential work. ....

New York , United States , Pennsylvania State University , Columbia University , Sloan School , Harvard University , United Kingdom , Georgetown University , District Of Columbia , Los Angeles , Norman Ornstein , Thomas Mann , Terrill Haigler Ya Fav , Linda Nguyen , Ej Dionne Jr , University Of California , Columbia University Graduate School Of Business , Economic Opportunities Program , American Society On , Mastercard Center , Prudential Financial , Organization Science , University Of Toronto , Ford Foundation , Washington Post , Doctor Of Business Administration ,