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neil 🍄 (neil@social.coop)'s status on Thursday, 16-May-2019 05:08:45 EDT neil 🍄

Hi-fi & TV store Richer Sounds moves to employee ownership.
Looks like it's an employee stock ownership plan rather than a co-op model so the headline about 'handing over control' seems a bit wrong? Not an expert, any coop gurus know the details?
https://www.theguardian.com/business/2019/may/14/richer-sounds-staff-julian-richer
#EmployeeOwnership

In conversation Thursday, 16-May-2019 05:08:45 EDT from social.coop permalink
1. Matt Cropp 🌲🌲 (mattcropp@social.coop)'s status on Thursday, 16-May-2019 14:54:13 EDT Matt Cropp 🌲🌲
  in reply to
  
  @neil Neither; #ESOP is a creature of US retirement law, whereas an #EmployeeOwnershipTrust (#EOT) is a common form of EO in the UK, and has just started to see occasional use in the US in the last few years: https://medium.com/fifty-by-fifty/the-british-are-coming-esops-and-perpetual-trusts-c1d4cf45ba61
  In conversation Thursday, 16-May-2019 14:54:13 EDT from social.coop permalink
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    The British are Coming — ESOPs and Perpetual Trusts
    
    from Medium
    
    By Christopher Michael

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