Podcasts about Profit sharing

States are emerging as important laboratories for expanding employee ownership. From experimenting with new financing and investment tools to technical assistance and outreach programs, states are increasingly on the frontlines of helping more businesses transition to employee ownership. This session highlights some of the newest and most promising state-level innovations, the leaders driving them, and what other states and federal policymakers can learn from what's emerging.Our speakers include Shannon Lundgren (State Representative, Iowa); Andrew Zwicker (State Senator, New Jersey); Hilary Abell (Chief of the Employee Ownership Division, US Department of Labor); and moderator Julien Rosenbloom (Senior Associate, Lafayette Square Institute).This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, Maureen Conway — a vice president of the Aspen Institute and executive director of the Institute's Economic Opportunities Program — speaks with Steven Hill — a fellow with the Rutgers Institute for the Study of Employee Ownership and Profit Sharing and author of the book, “Expand Social Security Now.”This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, Danny Massey — head of strategy and communications for Expanding ESOPs — speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, Loren Rodgers — executive director of the National Center for Employee Ownership — speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

Public companies employ the majority of America's workforce, yet broad-based employee ownership remains and profit sharing the exception rather than the rule. This session explores the current landscape of employee ownership in this sector, examines the opportunities and challenges for broader adoption, and discusses how we can realize the enormous untapped potential for expanding ownership culture across America's largest employers.Our conversation includes opening remarks from William Castellano (Director, Institute for the Study of Employee Ownership and Profit Sharing, Rutgers University; Executive Director, NJ/NY Center for Employee Ownership), followed by a panel discussion with Jason Kelly (Co-founder and CEO, Ginkgo Bioworks); Ethan Rouen (Associate Professor of Business Administration, Accounting and Management Unit, Harvard Business School; Faculty Co-chair, The Ownership Project); and moderator Mary Josephs (Founder and CEO, Verit Advisors; Contributor, Forbes Magazine).This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, Phil Reeves — founder and managing partner of Apis & Heritage — speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

American manufacturing continues to face an uncertain future, with decades of offshoring and consolidation hollowing out communities and leaving workers behind. This session explores how employee ownership models can help sustain existing manufacturers, support the rebuilding of domestic production capacity, advance our national competitiveness, and ensure that the workers who make things in America have a real stake in the businesses they power.Our conversation includes opening remarks from Douglas Kruse (Research Director, Institute for the Study of Employee Ownership and Profit Sharing, Rutgers University), followed by a panel discussion with Rich Cammarano (President and CEO, Tech Etch Inc); Veda Clark (Chair of the Board of Directors, Lampin Corporation); Elisabeth Reynolds (Professor of the Practice, Department of Urban Studies and Planning, MIT); and moderator Jack Moriarty (Executive Director, Lafayette Square Institute).This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, US Senator from Virginia Tim Kaine speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, Jim Bonham, president and CEO of The ESOP Association, speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University. The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

In this video, US Senator from Wisconsin Ron Johnson speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

Employee ownership looks compelling on paper, but what does it actually mean to have a stake in the place where you work? This session puts employee owners at the center, sharing firsthand accounts of how ownership has changed their relationship to their work, their workplace, and their futures, offering an unfiltered look at the promises and realities of building an economy where more workers have a real share in what they create.Our speakers include Charlie Arrindell (Division Manager, Lewis Tree Services); Krystal Thompson (Senior Software Solutions Advisor, Advisors for Change); Nicole Vitello (Vice President, Equal Exchange); and moderator Matt Helmer (Director of Job Quality and Worker Well-Being, Economic Opportunities Program, The Aspen Institute).This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

Send us Fan MailOn the latest episode of The Hot Slice podcast, we chat with Armando DiMeo, owner of Houston-based Coastline Pizzeria. In addition to 12-inch Neapolitan pies, Coastline specializes in grilled pizza. DiMeo explains that he “wanted to create another style of pizza that would … be the opposite of a Neapolitan pizza.” He threw some dough on the grill, and the rest is history … almost. DiMeo tells The Hot Slice that it took him five years to perfect the pizza style, which uses high-gluten flour and a 24-hour ferment in oiled and seasoned sheet trays.Coastline also is innovating when it comes to its rotating seasonal menu. DiMeo shares that anyone at the pizzeria is encouraged to suggest new additions to the craft cocktail, pizza or small plate menu. Not only do staff members get credit on the menu for dreaming up the seasonal dishes, they also earn $1 for each time their item is sold.“It's just about making the team happy – and the customers really see that,” DiMeo tells The Hot Slice, adding that a Cacio e Pepe-inspired Neapolitan pizza was one of the staff suggestions that proved popular with guests. The profit-sharing program has another incentive: building friendly competition among employees.Listen in to this episode to learn more about grilled pizzas, employee-sourced seasonal menu items and more! Podcast NotesCoastline Pizzeria: https://www.coastlinepizzeriahtx.com/Sign up to be notified when registration opens for Pizza Expo Columbus! 

Gina Schaefer — founder and co-owner of A Few Cool Hardware Stores — speaks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

The Aspen Institute's Maureen Conway and Rutgers University's William Castellano give opening remarks at the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

Artificial intelligence and automation promise to unleash a wave of productivity and economic growth — but without deliberate action, the gains will flow overwhelmingly to those who already own capital, deepening inequality and further disconnecting society from the value it helps create. This session explores how reimagining ownership — from broad-based worker equity to public-interest frameworks — can ensure that the AI-powered economy generates a true "social dividend" rather than a private windfall. Panelists will examine the risks of AI growth without consideration of ownership and social impact, how some organizations are already prioritizing shared value and governance, and what policy shifts could institutionalize this approach.Our speakers include Deric Cheng (Director of Research, Windfall Trust); Anthony Cimino (Head of Federal Affairs, Anthropic); Zoë B Cullen (Michael B. Kim Associate Professor of Business Administration, Harvard Business School); Richard Freeman (Herbert Ascherman Chair in Economics, Harvard University); and moderator Liba Wenig Rubenstein (Director, Future of Work Initiative, Economic Opportunities Program, The Aspen Institute).This video comes from the 2026 Employee Ownership Ideas Forum, which took place June 2-3, 2026, in Washington DC and online.For more information about this session, including a transcript, speaker bios, and additional resources, visit our website.For additional content from the Forum, visit our main event page.To view more sessions and event highlights, subscribe to our YouTube channel.Or subscribe to our podcast and listen on the go.About this event:The Employee Ownership Ideas Forum is an annual event hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.The Forum convenes participants — including members of Congress, congressional staff, administration officials, employee owners, investors, lenders, researchers, practitioners, and policy experts — around the shared, bipartisan goal of increasing broad-based employee ownership and providing workers and communities with the opportunity to own their share of America's prosperity and future.The Forum highlights innovative policies and practices, features firsthand experiences and perspectives of employee owners, and fosters dialogue and engagement to drive concrete actions toward expanding employee ownership.We are grateful to our Forum Champions — the Ford Foundation, Prudential Financial, the Sorenson Impact Foundation, JPMorganChase, and EO Equals — for their principal support of the Forum. We also thank McKinsey & Company, a Forum Ally, for its generous contribution.As a 501(c)(3) nonprofit organization, the Aspen Institute is nonpartisan and does not endorse, support, or oppose political candidates or parties. To the extent elected officials are in attendance, they are attending and speaking in their official capacity and not as a political candidate. Further, the views and opinions of our guests and speakers do not necessarily reflect those of the Aspen Institute or of Rutgers University.

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This week, Traci sits down with Rob Gallaher, Entrepreneur and Founder of ProfitX, to dig into how profit sharing actually works, why most businesses aren't doing it, and what it takes to build a program that genuinely transforms how a team operates.What We Cover:What profit sharing actually is and why no real how-to guide existed before Rob wrote oneWhy his first program was a complete disaster and what he rebuilt from scratchThe difference between profit sharing and employee stock ownership plansWhy monthly payouts change daily employee behavior in ways quarterly or annual bonuses simply cannotHow a profit sharing culture helps teams self-identify and resolve underperformanceThe retention math that makes profit sharing employees effectively earn above market rateWhy Christmas bonuses and annual payouts are financially inefficient for growing businessesHow companies like Procter and Gamble and Southwest Airlines approach shared success modelsThe "gas tank" analogy that explains why payout timing is everythingWhen this strategy becomes critical and why most business owners don't discover it until it's overdueConnect with Rob Gallaher: Profit Sharing, The Power of Shared Success | Website and course: https://profitx.co | Instagram and Facebook: @RobGallaher | LinkedInConnect with Traci here:https://linktr.ee/HRTraciDisclaimer: Thoughts, opinions, and statements made on this podcast are not a reflection of the thoughts, opinions, and statements of the Company by whom Traci Chernoff is actively employed.Please note that this episode may contain paid endorsements and advertisements for products or services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode.

In this episode of The Steward Chair, Brad Herrmann and Hai Nguyen, Co-founders of Text-Em-All, share their journey of rewriting the SaaS success script by prioritizing greatness over growth and people over profit. They explore how an audacious 100-year vision and the transition to an employee ownership trust drive meaningful, long-term success. We discuss the intentional process of leaders defining "enough," the creation of an employee-driven culture code, and how shared ownership acts as a "silo buster" for political friction. This conversation provides actionable takeaways for leaders committed to stewardship, integrity, and building an organization that remains a joy to do business with. Key Takeaways Defining "Enough" as a Leadership Prerequisite: Transitioning to an employee ownership trust requires founders to confront personal concepts of security and scarcity to determine what financial outcome is "enough" to safeguard the company's future. Institutionalizing Culture Through Documentation: Moving beyond oral legend to a written "Culture Code" allows a company to hire, coach, and even fire based on shared values like authenticity, compassion, and shared excellence. Shared Ownership as a Unifying Factor: Employee ownership aligns the entire team around the company's ultimate bottom line, ensuring that business decisions and product development are driven by the best ideas rather than internal politics . Resources Mentioned Visit Text-Em-All: https://www.text-em-all.com/ Follow Brad Herrmann on LinkedIn: https://www.linkedin.com/in/bradherrmann/ Follow Hai Nguyen on LinkedIn: https://www.linkedin.com/in/hainguyen/ Follow Text-Em-All on social media: LinkedIn: https://www.linkedin.com/company/textemall/ Twitter / X: https://x.com/textemall Instagram: https://www.instagram.com/textemall/ Join the ConversationThe Steward Chair is about equipping and inspiring business leaders to build organizations that stand the test of time. If this episode resonated with you, share your biggest takeaway and tag us on LinkedIn: Chat With Leaders Media https://www.linkedin.com/company/chatwithleaders/ and End of the Line Productions https://www.linkedin.com/company/end-of-the-line-productions/. Elevate your podcast, company meeting, or industry event strategies to better engage stakeholders and drive meaningful growth! Visit ChatWithLeaders.com to learn more about how we can help.See omnystudio.com/listener for privacy information.

What can agency owners actually do to improve future contingency and profit-sharing results? From retention and carrier alignment to policy-per-customer growth and the hidden cost of remarketing, this conversation focuses on the day-to-day decisions that shape long-term profitability.We discuss why building an agency that is more efficient and more intentional becomes more profitable, and how developing strong carrier partnerships creates lasting opportunities.Learn more at IntegraPartnerNetwork.com.

Why do some agencies benefit from contingency bonuses, while others never see them? The answer may not be what you think. Episode 312 isn't about chasing a bonus check, it's about building a business that earns them consistently.We talk through the evolution of compensation in the insurance industry, why profit sharing exists today, and how agency structure, retention, and loss ratio all play a role in the outcome. Whether you're part of a network or operating on your own, understanding how this works can change the way you think about growth, carriers, and long-term strategy.Learn more at IntegraPartnerNetwork.com.

Ask the Experts Episode #43 features a resource review of Radish Plan, a performance-based profit sharing solution. In this episode, Sharon Pivirotto speaks with Kyle Bagley about how Radish connects employee behavior to retirement contributions to improve engagement, retention, and participation.

Today's SWAPA Number is 1.1. That's the percentage of pay that Southwest will distribute in profit sharing from 2025.So today we're sitting down with retirement guru and negotiating subject matter expert, Damian Jennette, about profit sharing, the market-based cash balance plan, and updates to our retirement accounts in 2026.If you have any feedback for us at all, please drop us a line at comm@swapa.org or tap here to send us a text.Follow us online:Twitter - https://twitter.com/swapapilotsFacebook - https://www.facebook.com/swapa737

KLN Family Brands is announcing it has distributed $7.7 million in profit sharing to eligible employees in 2025. President Chase Rasmussen talks about the initiative and the impact it has on their employees and the community they work in.

Reflect on one action you could take this quarter to strengthen ownership and accountability in your organisation. Whether it's improving financial transparency, developing leadership capability, or exploring profit sharing, small disciplined steps can shift culture meaningfully.Summary KeywordsProfit Sharing, Leadership, Financial Transparency, Cash Flow, Accountability, Culture, Ownership Mindset, Engagement, Continuous Improvement, Sustainable GrowthEpisode SummaryIn this episode, Brad Jeavons speaks with Rob Gallaher, CEO and author of Profit Sharing: The Power of Shared Success, about how structured profit sharing can strengthen performance and culture.Rob's interest in profit sharing came after building a growing business that was financially successful but personally unsustainable. Long hours, high stress, and the common frustration that “no one cares like the owner does” led him to search for a better model He realised the gap was alignment. Employees were paid regardless of profitability, so daily decisions weren't directly connected to business outcomes. Profit sharing became a way to bridge that gap — helping team members think and act more like owners.Rob emphasises that profit sharing is not simply a bonus system. Done well, it:Aligns effort with financial resultsBuilds accountability and cost awarenessEncourages long-term thinkingStrengthens trust and transparencySupports a high-performance cultureHowever, success depends on strong foundations. Key principles include:Pay profit share monthly.Ensure the payout is meaningful.Set attainable targets.Provide clarity on how profit is calculated.Demonstrate consistent leadership and integrity.Keep profit sharing visible in conversations.Support employees with financial education.Protect long-term customer and team relationships.Understand cash flow and true profit.Always follow through on commitments The conversation reinforces that profit sharing alone won't fix weak leadership or poor systems. It works best when combined with trust, transparency, and disciplined financial management.A powerful outcome Rob shares is seeing team members treat customers with such ownership that clients assume they are the business owner — a strong sign of cultural alignment The broader message is clear: financial systems can reinforce culture. When structured well, they help create sustainable excellence.Episode LinksYouTube: https://youtu.be/KKqxaikbQR0 Enterprise Excellence group: https://enterpriseexcellencegroup.com.au/podcast ContactsConnect with Brad on LinkedIn: https://www.linkedin.com/in/bradjeavons/Call: 0402 448 445 Email: bjeavons@iqi.com.auConnect with Guest on LinkedIn: https://www.linkedin.com/in/robertgallaher/What's Next?If you're considering profit sharing, begin with the basics:Do you have accurate monthly financial reporting?Do leaders understand cash flow versus profit?Is there trust and transparency in your culture?Do employees understand how their actions affect results?Profit sharing can be powerful, but it must sit within a broader excellence framework of leadership, operational discipline, and continuous improvement.To learn more about what we do, visit https://enterpriseexcellencegroup.com.au/Thanks for your time, and thanks for helping to create a better future.

After posting a 26.3 billion dollar loss in 2025, Stellantis CEO says 2026 will be a year of growth. But autoworkers will receive no profit sharing checks. WWJ's Jackie Paige and Chris Fillar have your Thursday morning news. (Photo credit: Bill Pugliano/Getty Images)

UNLOCK THE 13 SYSTEMS EVERY AGENCY OWNER NEEDS TO REACH 8 FIGURES:https://bit.ly/41Sm05NIn this episode, Jordan Ross sits down with Eddie Maalouf, founder of Bad Marketing, to unpack how he scaled his digital marketing agency from his mom's basement to $20M in revenue.Eddie breaks down the real challenges agency owners face when growing past the early stages — including hiring the right people, building systems that scale, and avoiding founder burnout. He shares how implementing a profit-sharing model transformed team performance, accountability, and retention, while allowing him to step back from day-to-day execution.The conversation also dives deep into personal branding as a growth lever, why most agencies struggle to attract top-tier talent, and why sustainable agency growth comes down to mastering two core acquisitions: talent and clients.This episode is a must-listen for:Digital marketing agency owners stuck at a growth ceilingFounders hiring their first leadership teamAgencies exploring profit sharing or incentive structuresOperators building long-term, scalable businesses⏱️ Podcast Chapters – From Zero to $20M: Eddie's Agency Origin Story – Building a Scalable Agency Structure – Profit Sharing, Talent Acquisition & Client GrowthEddie's LinkedIn - https://www.linkedin.com/in/eddie-maalouf/Eddie's website - http://www.badmarketing.com/home-liTo learn more go to 8figureagency.co

Shaun Belongie is the CEO of New Belgium Brewery. He previously served as VP of Marketing for New Belgium before becoming CMO and then CEO in 2023. Shaun has over 20 years of CPG experience, having managed marketing innovation and brand direction for iconic companies like Nestle Purina and Kraft Foods. He's helped build and maintain New Belgium's human-powered business model as the brand grows and expands, all the while stewarding the brewery's legacy and people-centric culture. Shaun joins Roy to discuss the challenges and opportunities during his journey from CMO to CEO, the differences between working at a large CPG brand versus a smaller, more nimble company, how New Belgium embodies and enacts their foundational values, and much more. Highlights from our conversation include: Shaun's transition from CMO to CEO at New Belgium (3:35)Challenges he's confronted as New Belgium's CEO (6:14)Shaun's experience serving as New Belgium's CMO (9:53)Shaun's perspective on building and shaping culture as CEO (12:09)New Belgium's human-powered business model (14:55)Maintaining authentic values throughout periods of growth (16:16)How his son's health crisis inspired him to think differently about life and leadership (18:35)Leadership lessons that carried over from Shaun's Kraft and Purina days (21:11)How changes in the industry are affecting Shaun's approach to hiring (23:08)Leadership qualities that Shaun seeks in his senior executive team (25:01)How technology fits into his strategic plan (25:48)Guidance he'd offer to somebody early in their career (28:18)What Shaun's most excited about in the future (30:13)Visit HowIHire.com for transcripts and more on this episode.Follow Roy Notowitz and Noto Group Executive Search on LinkedIn for updates and featured career opportunities.Subscribe to How I Hire:AppleSpotifyAmazon

In this episode Big Debate hosts Ally and Sophie discuss various topics related to farming, including their personal journeys in agriculture. They also share insights from their recent trip to Scotland and engage with listener feedback, highlighting the importance of community in the agricultural sector. They discuss various aspects of farming, including the challenges and opportunities faced by young farmers, the differences between tenancy agreements, and the impact of technology on agricultural practices. They explore the balance between risk aversion and innovation, the importance of family life in farming, and the future of farming in relation to organic and conventional practices. The discussion highlights the evolving nature of agriculture and the need for adaptability in a changing landscape.

The Hidden Lightness with Jimmy Hinton – Trump keeps saying America is “hot” right now, and critics roll their eyes. But when you step back and look at the data, it's hard to argue with the results. Strong GDP growth. Profitable companies. Workers receiving tangible rewards. That's not spin—that's evidence. But pretending America is failing when the economy is expanding faster than expected doesn't help anyone...

Like the show? Show your support by using our sponsors. Promotive can help you find your dream job. Touch HERE to see open jobs. Need to update your shop systems and software? Try Tekmetric HERERegister NOW for Tekmetric's Tektonic Conference coming up HEREIn this episode, Jeff is joined by Mark Elliott, also known as TobaTech on social media. They discuss what drives top technicians to leave their jobs and why it's rarely just about money. TobaTech shares his experiences at his previous shop, describing how the loss of training opportunities and an overwhelming shift in responsibilities led to his decision to move on. They also speak on the importance of investing in staff development, maintaining a supportive shop culture, and recognizing technician contributions beyond financial incentives.Timestamps:00:00 "Why Top Technicians Leave"08:48 "Developing Skills Beyond Expectations"12:50 "Reflections on Trade Expectations"20:40 "Improve Training for Better Sales"21:31 "Questioning Career Fulfillment"26:48 "Amazon Gadget Fail Turns Lesson"35:16 Trusted Technicians and Transitions38:11 Impact of Leadership Departure43:57 "You're Not Family"52:51 Shop Upgrades and Improvements54:15 Truck Vibration Causes & Solutions01:03:30 "Clarifying Misunderstood Podcast Context"01:05:15 "Work-Life Balance Challenges"01:11:44 "Skills Gap and Expectations"01:16:18 "Awkward Reunion with Former Boss"01:21:48 "DBI: Key to Customer Loyalty"01:26:48 "Proving Work Isn't Distracted"01:35:38 "Unfair Performance Bonus Policy"01:37:03 "Navigating Unfair Work Dynamics" Follow/Subscribe to the show on social media! TikTok - https://www.tiktok.com/@jeffcompton7YouTube - https://www.youtube.com/@TheJadedMechanicFacebook - https://www.facebook.com/profile.php?id=100091347564232

In this solo episode, I recap the latest good vibes in DEI. This week our conversation is about pickleball making access the default, autistic Barbie done with care, bonuses for the whole crew, and more!Here are this week's good vibes:Pickleball makes access the defaultAutistic Barbie, done with careBonuses for the whole crewA font that saves secondsMinecraft breaks the censorship wall Good Vibes to Go: Bernadette's GVTG: It's Girl Scout Cookie time! Here's the now-annual list of trans kids to order Girl Scount cookies from.Read the Stories.Subscribe to the 5 Things newsletter.Watch 5 Things Live on YouTube. Join thousands of readers by subscribing to the 5 Things newsletter. Enjoy some good vibes every Saturday morning. https://5thingsdei.com/

In this engaging conversation, Kevin and Mike delve into the evolution of Mike's welding business, Rockin' Two Industries, which he started in 2012 with no prior experience. Mike shares his unique journey from a novice welder to a successful business owner, emphasizing the importance of networking and collaboration within the welding community. He discusses how he built connections through social media and local groups, which have been instrumental in his growth. The conversation also touches on the challenges of managing a team, maintaining a positive work culture, and the significance of saying 'no' to unprofitable projects to ensure sustainable growth.As they explore the intricacies of running a welding shop, Mike reflects on the importance of building a network within the industry and the value of collaboration over competition. He stresses that many welding business owners make the mistake of trying to grow too quickly without establishing a solid foundation. The episode wraps up with insights on project management tools and the necessity of adapting to the evolving needs of the business, highlighting the importance of continuous learning and improvement in the welding industry.Takeaways"I didn't know what I was doing. Got on YouTube and 13 years later, here I am.""Saying no has been the hardest thing for you to do in business.""The internet for the welding business has been really, really helpful for a lot of us.""If you're not thinking, if you're like the old school mindset of competition, you better rewire it or you're just going to fizzle out.""I will protect the culture of this shop at all costs." "It's tough to balance that out.""You have to have that base in place.""It's better to stay small and perfect what you're doing.""If you can justify that, go get it.""You need to get out there and knock on some doors.""You can't get rid of that.""There's a cost to changing gears.""You have to charge for that or else it catches up to you.""Creating that network is a pretty big deal.""You need to have the will to make it work."Chapters00:00 Introduction and Setup02:09 Mike's Unique Journey into Welding05:05 The Power of Networking in the Welding Community08:35 Profit Sharing and Collaboration with Other Businesses17:32 Managing a Team and Maintaining Work Culture26:48 Future Aspirations for Rockin' Two Industries33:49 Team Skills and Project Diversity35:25 Overview of Shop Projects42:18 Challenges of Business Growth46:16 Learning to Say No50:15 Customer Relations and Advertising Strategies57:24 Financial Lessons Learned01:09:51 The Right Tools for the Job01:11:00 Space Constraints and Shop Organization01:15:58 Common Pitfalls in Business Growth01:19:54 Lessons Learned and Advice for New Owners01:24:06 Managing Projects and InvoicingI want to hear from you guys! I'm blocking out a bunch of time over the next two months to record podcasts And I want to hear from you guys! I want to hear the good, the bad, the ugly, the funny, and everything in between. Reach out to me on Instagram or shoot me an email at Kevin@JMWfabrication.com From there I'll reach out and send you a link to our Google Calendar to pick out what time is best for you to ho on a call. Merry Christmas and Happy New Years!

Watch full episode here: https://youtu.be/rYzlSbx0Emw   How do you garner greatness? In this spotlight from Episode 341, Charlie explains how our profit-sharing business strategy brings every department together, working towards a common goal.  Visit https://www.storiesfromtheriver.com for more episodes.   Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com  Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail  

Watch full episode here: https://youtu.be/rYzlSbx0Emw   How do you garner greatness? In this spotlight from Episode 341, Charlie explains how our profit-sharing business strategy brings every department together, working towards a common goal.  Visit https://www.storiesfromtheriver.com for more episodes.   Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com  Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail  

This episode on Youtube: https://youtu.be/rYzlSbx0Emw  We love First Time Evers. And this week, we paid out $1.6 million in profit sharing to over 640 Memory Makers.  In today's episode, Charlie Malouf and Manny Rodrigues, the owners and executives of Broad River Retail, discuss a celebratory town hall from Friday, January 9th, at which they announced the profit-sharing pay day. They share their pride and excitement over achieving a milestone $272 million delivered sales goal, an accomplishment which led to a record payout of over $1,600,000 shared among more than 640 Memory Makers.  They discuss how their approach to profit sharing was carefully structured to include Memory Makers who started throughout the year by prorating payouts, and they outline efforts to provide financial education to help Memory Makers make the most of their bonuses.  Visit https://www.storiesfromtheriver.com for more episodes.   Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com  Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail  

This episode on Youtube: https://youtu.be/rYzlSbx0Emw  We love First Time Evers. And this week, we paid out $1.6 million in profit sharing to over 640 Memory Makers.  In today's episode, Charlie Malouf and Manny Rodrigues, the owners and executives of Broad River Retail, discuss a celebratory town hall from Friday, January 9th, at which they announced the profit-sharing pay day. They share their pride and excitement over achieving a milestone $272 million delivered sales goal, an accomplishment which led to a record payout of over $1,600,000 shared among more than 640 Memory Makers.  They discuss how their approach to profit sharing was carefully structured to include Memory Makers who started throughout the year by prorating payouts, and they outline efforts to provide financial education to help Memory Makers make the most of their bonuses.  Visit https://www.storiesfromtheriver.com for more episodes.   Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com  Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail  

It's bonus season for airline pilots, and while profit-sharing payouts can be substantial, they can also disappear just as quickly without a plan. In this episode of A Wiser Retirement® Podcast, we break down how pilot bonus programs work and more importantly, how to turn those bonuses into long-term wealth instead of short-term spending.Related Podcast Episodes: Ep 317. Pilots Start HereEp 309. Financial Planning Tools for Pilots, By a Former Airline PilotEp 303. Pilot's Guide to Financial Turbulence: Planning for Medical DisabilitiesRelated Financial Education Videos:New Delta Airlines Nonqualified Deferred Compensation (NQDC) Plan for PilotsWhen Should Pilots File for Social Security?Learn More:- About Wiser Wealth Management- Schedule a Complimentary Consultation: Discover how we can help you achieve financial freedom.- Access Our Free Guides: Gain valuable insights on building a financial legacy, the importance of a financial advisor for business owners, post-divorce financial planning, and more! Stay Connected: - Social Media: Facebook | Instagram | LinkedIn | Twitter- A Wiser Retirement® YouTube Channel This podcast was produced by Wiser Wealth Management. Thanks for listening!

Don't miss this special edition episode of the Sargent On Track Podcast for an opportunity to win double or triple the profit-sharing bonus! Text your guess to the Sargent texting platform by Tuesday, November 18th, at midnight!If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

Today's teaching is live. View our full livestreams on our website or download the omega church app: http://omegachurch.com/ https://subsplash.com/omegachurch-tx/app

It's Share Day! Host Bailey Penneycuff flies solo in this episode to share an update on profit sharing for our quarterly Share Day celebration.    

What happens when you create a shared fate for your team – one where you link their teamwork directly to their financial success? In this episode of The Future of Teamwork, Dane Groeneveld sits down with Rob Gallaher, CEO at ProfitX, to unpack how profit sharing can completely transform team motivation, culture, and performance. Tune in to learn how profit sharing fosters accountability and shared purpose, and how to successfully present the concept of profit sharing to your team. Plus, hear real-world examples of how teams step up when they have interest at stake.

Today's teaching is live. View our full livestreams on our website or download the omega church app: http://omegachurch.com/ https://subsplash.com/omegachurch-tx/app

Thinking about buying a franchise? Erik Van Horn and Bobby Brennan break down the real journey: from the “fee stage” burn to stabilization, optimization, and finally scale or exit. We cover why “passive” is a myth, how to avoid starving your marketing, when (and when not) to use profit sharing, and what separates podium revenue from real EBITDA.   Timestamps:    00:00 Don't buy a franchise for short-term income 00:42 Intro: Franchise Secrets w/ Eric & Bobby 01:12 The “passive” myth & real losses 02:51 Transparency from operators & brokers 12:40 Phase 1: Investment/Burn (intentional negative cash flow) 22:54 Phase 2: Stabilization (6–18 months) 33:02 Phase 3: Optimization (18–36 months) 44:08 Phase 4: Scale or Exit (Years 3–7) 49:06 Owner vs employee mindset (long-term wealth) 51:54 Wrap-up + resources & links   Connect with Erik Van Horn:

A candid business podcast for growth-minded leaders and entrepreneurs. Hosted by Josh Zolin. The truth about leadership, business, and becoming who you're meant to be.   What happens when a CEO stops optimizing for the quarter and starts optimizing for people? Henny Penny's Rob Connelly walks us through why they converted to an ESOP (employee stock ownership plan), how it changed behavior on the floor, and the leadership credo that guided the journey: “Savor the day while always learning for a better tomorrow.” We talk long-view decision making, radical accountability, and why “start with people and the numbers will follow” isn't just a slogan — it's the operating system. — Guest: Rob Connelly, Executive Chairman, Henny Penny Topics: ESOP mechanics, culture shifts, long-term vs short-term, optimism with realism, profit sharing, supplier health, zero-layoff philosophy.

Connect with Othmane Khadri: https://www.linkedin.com/in/othmane-khadri-b48162236/

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Episode Summary: As your practice grows and profits increase, one of the most powerful tax and retirement planning tools available to optometry practice owners is profit sharing within your 401(k) plan. But what exactly is profit sharing, and how can you optimize it for both you and your employees?In this episode, Evon welcomes back Matt Ruttenberg of Life Inc. Retirement Services to break down everything optometrists need to know about profit sharing contributions. They discuss how profit sharing works, the different methods of calculating contributions, and how practice owners can use this strategy to maximize retirement savings while managing taxes.Whether you're new to 401(k) plans or you're ready to level up your retirement savings strategy, this conversation will give you clarity on how to align your plan design with your goals.What You'll Learn in This Episode:What profit sharing in a 401(k) plan actually is and why it matters for practice ownersThe “three-tier wedding cake” framework of retirement plan contributionsDifferent methods of profit sharing:Pro Rata (the simple but costly method)New Comparability (targeted, strategic contributions that benefit owners most)How factors like employee demographics, age, and owner wages impact profit sharing efficiencyWhy your Safe Harbor match choice (match vs. non-elective) matters when layering on profit sharingHow profit sharing integrates with cash balance plans to supercharge retirement savingsKey deadlines practice owners need to keep in mind before year-endResources & Links:Learn more about Matt Ruttenberg and his team: 401k.expertThe Optometry Money Podcast Ep 111: 2024 Mid-Year Retirement Plan Updates and Deadlines Practice Owners Need to Know with Matt RuttenbergThe Optometry Money Podcast Ep 64: How to Invest Six Digits A Year Into Your Practice Retirement Plans with Matt RuttenbergThe Optometry Money Podcast Ep 63: Choosing A Retirement Plan for Your Optometry Practice with Matt RuttenbergWork With Us: Thinking about working with a financial planning firm that specializes in optometry? At Optometry Wealth Advisors, we help ODs nationwide align their practice and personal finances for growth, tax efficiency, and long-term wealth.

In this powerful episode, I sit down with seasoned entrepreneur, CEO, and author Rob Gallaher to discuss the importance of self-leadership, the mechanics of implementing a sustainable profit-sharing model, and what it takes to create a culture of shared success.We explore how Rob transitioned from micromanaging every detail to empowering leaders at every level of his businesses. He shares the exact frameworks that helped his team members start thinking—and acting—like owners, along with the hard lessons he's learned along the way.This episode is filled with practical insights for founders, managers, and anyone interested in profit-sharing or building a culture of shared success.“If you want your team to act like owners, give them a reason to care whether the business wins or loses.”“[With this model] I have seen monthly profits triple. I just don't know another way to make that happen as quickly. If there is, let me know!”—Rob Gallaher is an entrepreneur, CEO, and author with over a decade of experience building and leading successful businesses. Recognizing the power of aligning employee interests with company performance, Rob has become a passionate advocate for and expert in implementing effective profit-sharing strategies. Through years of practical application and refinement, he has developed a successful model that fosters a collaborative, motivated, and productive workplace. His book, "Profit Sharing: The Power of Shared Success," provides a comprehensive guide for business leaders looking to leverage this powerful tool to enhance company culture, boost productivity, and drive significant growth.To learn more about Rob and his course on profit sharing, visit profitx.co.

In this episode, Shannon dives into the transformative potential of profit sharing with expert guest Rob Gallagher. Rob, a successful business owner, shares his journey from the grueling early days of entrepreneurship to a thriving, profitable enterprise powered by a well-crafted profit sharing program. Learn the ten critical rules to structuring a successful profit sharing scheme, from making it substantial and attainable to the importance of education and financial wellness for employees. Rob discusses real-life examples, potential hurdles, and the tremendous benefits, including increased profits and improved work-life balance. This episode is packed with actionable insights ideal for business owners looking to implement profit sharing and inspire an ownership mentality among their teams. Tune in to discover how to supercharge your business's success through effective profit sharing strategies.   [1:20] The Struggles and Realizations of a Business Owner [3:10] Discovering and Implementing Profit Sharing [4:22] The Challenges and Evolution of Profit Sharing [7:50] The Importance of Monthly Profit Sharing [9:15] Rules for a Successful Profit Sharing Program [14:20] Essential Elements for Implementing Profit Sharing [23:40] Final Thoughts and Encouragement 25:10 The Power of Team Collaboration [26:15] Educating Employees on Profit Sharing [27:00] Sharing Financials with Employees   Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/   Connect with Shannon: https://www.linkedin.com/in/shannonweinstein Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Follow along on IG: https://www.instagram.com/shannonkweinstein/   Connect with Rob: Instagram: https://www.instagram.com/robertgallaher/?hl=en LinkedIn: https://www.linkedin.com/in/robertgallaher/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

BONUS: Rob Gallaher Reveals The Management Revolution Transforming Company Culture and Employee Engagement In this BONUS episode, we dive deep into the transformative power of profit sharing with Rob Gallaher, CEO of Gallaher Co. Rob shares his journey from an overworked entrepreneur sacrificing family time to building a thriving business model that aligns employee success with company growth. Through practical insights and hard-learned lessons, we explore how monthly profit sharing can revolutionize workplace dynamics and create genuine shared success. The Genesis of a Profit Sharing Revolution "I was an entrepreneur, working long hours and sacrificing family time. I realized my situation in life was not so good anymore, and even my health was suffering." Rob Gallaher's journey to profit sharing began with a personal crisis. As a successful entrepreneur, he found himself trapped in the classic founder's dilemma - working endless hours while his health and family relationships suffered. This realization prompted him to seek alternative business models from other successful owners. His discovery of profit sharing wasn't immediate magic, but rather a methodical approach to solving the fundamental disconnect between business success and employee engagement. Since implementing it in 2015, Rob has refined his approach through real-world application, leading him to document his learnings in his book after others began noticing the remarkable success of his companies. Defining True Profit Sharing "Take the company's financial success and share it with individuals that make it happen. The main thing: it must be monthly." Rob's definition of profit sharing goes beyond traditional annual bonuses or stock options. His approach centers on taking actual company profits and distributing them to the people who directly contribute to generating those profits. The cornerstone of his system is monthly distribution, recognizing that people manage their personal finances on a monthly basis, not quarterly or annually. This frequency ensures that profit sharing becomes integrated into employees' monthly budgets and thinking patterns, creating immediate behavioral impact rather than distant, abstract benefits. The Power of Immediate Impact "No one manages quarterly their personal life. The profit sharing needs to adapt to that monthly reality. If we don't affect people's monthly budget we don't affect how they think." The monthly frequency of Rob's profit sharing system creates tangible, immediate impact on employees' financial lives. Unlike equity or long-term bonuses that feel distant and uncertain, monthly profit sharing becomes part of employees' regular financial planning. This immediacy changes how people approach their work, leading them to ask "what can I do to get it" and investing more personally in company success. Rob emphasizes making the amounts substantial - recommending four-digit numbers that genuinely affect people's monthly reality rather than token gestures that get lost in regular paychecks. Rethinking Performance Management "I don't like the word 'review'. I prefer the word 'reflection', we do it every 6 months. I wanted to change the tone and what was happening in those meetings." Traditional performance reviews create antagonistic dynamics where employees feel anxious and stressed, often leading to negotiations that feel like battles. Rob has completely reimagined this process by separating profit sharing from performance evaluations and changing the language from "reviews" to "reflections." This shift eliminates the transactional nature of traditional reviews where employees feel they must fight for raises and promotions. Instead, profit sharing operates independently of individual performance metrics, creating a more collaborative and less stressful environment for genuine performance discussions. Strategic Implementation Framework "You need a business that makes a profit, you need to have accurate accounting, and you need to be a leader - you need to have the respect and trust of your leadership." Rob outlines three fundamental prerequisites for successful profit sharing implementation. First, the business must be genuinely profitable - you cannot share what doesn't exist. Second, accurate accounting systems are essential to track and calculate profits transparently. Third, leadership credibility is crucial because profit sharing requires employees to trust that leaders will follow through on commitments. Rob recommends starting with a flat rate and minimum amount, such as $1,000, and focusing on decision-makers who directly affect company profitability rather than attempting to include every employee from the start. Targeting Decision Makers "Who are the people who make decisions that affect the profit of your business? Share the profit with the decision makers that affect profit." Rather than implementing company-wide profit sharing immediately, Rob advocates for a targeted approach focusing on employees who make decisions directly impacting profitability. This strategic selection ensures that profit sharing reaches the people whose daily choices most influence company success. By identifying and rewarding these key decision-makers first, companies can create a focused impact that generates measurable results before expanding the program to additional team members. Getting Started: First Steps for Implementation "Figure out your average profit." For companies interested in profit sharing but unsure where to begin, Rob recommends starting with fundamental financial analysis. Understanding average monthly profits provides the baseline for determining sustainable sharing amounts. This analysis helps leaders set realistic expectations and design a program that won't compromise business stability while still providing meaningful benefits to employees. The key is ensuring that profit sharing enhances rather than threatens the company's financial foundation. About Rob Gallaher Rob Gallaher, CEO of Gallaher Co., leads five companies across industries. Since founding his construction firm in 2010, he's championed profit sharing as a catalyst for growth. His book, Profit Sharing: The Power of Shared Success, and upcoming course reflect his passion for aligning employee and company success. You can also learn more about Rob's Profit Sharing strategy with his online course at Profitx.co. You can link with Rob Gallaher on LinkedIn, and connect with Rob Gallaher on facebook.

Kelcey Lehrich is the Co-Founder and CEO of 365 Holdings, based in Akron, Ohio. 365 Holdings acquires and operates consumer products companies, with a focus on eCommerce and a goal of long-term ownership.In our conversation, Kelcey shares his path to entrepreneurship and his evolution from making his first acquisition to becoming a seasoned operator. He weaves in lessons from challenging ventures, unconventional acquisitions, and the earned wisdom of building durable businesses in the competitive world of e-commerce.We unpack how Kelcey thinks about demand creation versus demand capture, what it takes to build a resilient holding company, the tradeoffs between a centralized shared-services model and a decentralized structure, and how to create the best long-term home for brands. He also shares wisdom on what makes a company worth buying in the first place, lessons learned from organizing the HoldCo Conference — the un-conference of Micro Private Equity — here in Cleveland, and much more.Kelcey offers valuable insight for anyone exploring entrepreneurship through acquisition — or simply curious about how to thoughtfully scale something of quality over time. Please enjoy!00:00:00 - The Entrepreneurial Spirit Unlocked  00:05:32 - Navigating Early Entrepreneurial Ventures  00:08:28 - The Birth of 365 Holdings  00:11:18 - E-Commerce Evolution and Insights  00:14:36 - Acquisition Strategies and Lessons Learned  00:17:37 - Understanding Distressed M&A  00:20:13 - The Rise of Entrepreneurship Through Acquisition  00:35:33 - Evolving Business Strategies  00:38:30 - Defining Success in Business  00:39:46 - Core Values and Company Culture  00:40:58 - Raising the Quality Bar  00:42:59 - The HoldCo Conference  00:45:20 - The Mindset of a HoldCo Entrepreneur  00:47:01 - Incentives and Profit Sharing  00:49:30 - Inspirations and Aspirations  00:50:16 - The Future of E-Commerce  00:52:12 - Opportunistic Acquisitions  00:53:19 - Building in Northeast Ohio  00:55:00 - Hidden Gem-----LINKS:https://365-holdings.com/https://www.linkedin.com/in/kelceylehrich/-----SPONSOR:Roundstone InsuranceRoundstone Insurance is proud to sponsor Lay of The Land. Founder and CEO, Michael Schroeder, has committed full-year support for the podcast, recognizing its alignment with the company's passion for entrepreneurship, innovation, and community leadership.Headquartered in Rocky River, Ohio, Roundstone was founded in 2005 with a vision to deliver better healthcare outcomes at a more affordable cost. To bring that vision to life, the company pioneered the group medical captive model — a self-funded health insurance solution that provides small and mid-sized businesses with greater control and significant savings.Over the past two decades, Roundstone has grown rapidly, creating nearly 200 jobs in Northeast Ohio. The company works closely with employers and benefits advisors to navigate the complexities of commercial health insurance and build custom plans that prioritize employee well-being over shareholder returns. By focusing on aligned incentives and better health outcomes, Roundstone is helping businesses save thousands in Per Employee Per Year healthcare costs.Roundstone Insurance — Built for entrepreneurs. Backed by innovation. Committed to Cleveland.-----Stay up to date by signing up for Lay of The Land's weekly newsletter — sign up here.Past guests include Justin Bibb (Mayor of Cleveland), Pat Conway (Great Lakes Brewing), Steve Potash (OverDrive), Umberto P. Fedeli (The Fedeli Group), Lila Mills (Signal Cleveland), Stewart Kohl (The Riverside Company), Mitch Kroll (Findaway — Acquired by Spotify), and over 200 other Cleveland Entrepreneurs.Connect with Jeffrey Stern on LinkedIn — https://www.linkedin.com/in/jeffreypstern/Follow Lay of The Land on X @podlayofthelandhttps://www.jeffreys.page/