Cooperatives: The Real Employee-Owned Firms?
In a follow-up to our January 2022 feature on employee-owned architecture firms, we question if the Employee Stock Ownership Plan (ESOP) models which represent the majority of employee-owned architecture firms adequately fulfill a growing worker-led clamor for reform within the profession. For organizations such as the Architecture Lobby, and its founding member Peggy Deamer, meaningful worker ownership of an architectural firm goes far beyond the ESOP model of stock and retirement plans, and instead requires a fundamental rethink, or even abolition, of the employer-employee dynamic.
