Employee ownership is a business model in which a company's employees hold shares in the company itself, or in its parent company, aligning workers' financial interests with the business's performance. In the United States it is typically structured through stock option or stock ownership plans, most notably the Employee Stock Ownership Plan structure pioneered by investment banker Louis Kelso, while in the United Kingdom it has often been implemented through salary-deduction share schemes, with a notable wave following the privatization of bus services under Margaret Thatcher's government in 1985. Genuine employee ownership is generally distinguished from ordinary stock-based compensation by employees holding a significant collective stake, commonly cited at 25 percent or more, large enough to give them a real voice in how the company is governed.
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