@60minutes: When the business sold, the employee-owners received big payouts. Brad and Crystal Edwards said the money was life changing #payout #employeeownership #60Minutes #jonwertheim

60 Minutes
60 Minutes
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Region: US
Monday 06 May 2024 20:44:59 GMT
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kathyjacksonsavage
Kathy Jackson Savage :
I’ve worked for an employee owned company for 33 years. This company is over 100 years old and became 100% employee owned in 1995.
2024-05-06 23:05:07
70
shtzngigs
ml7410 :
For some people, just the $20k is life changing.
2024-05-08 13:57:36
35
psycho.hillbilly
Psycho :
but how much did each employee have invested.
2024-05-07 00:11:19
1
action916
OneKlickCustoms :
That’s smart. Money will come back to the community! That’s cool’
2024-05-07 05:58:56
6
2864_others
Kowboy (he/ha) :
Imagine that, churches, education, and local economies improve when profits are distributed
2024-05-07 05:22:44
1
flowerthegolden
GoldenFlower :
What happens if corporations aren’t so greedy
2024-05-06 20:53:45
528
angeladias3973
angeladias3973 :
What a great story of abundance instead of a Rip Off story of greed.. Bless them ✨
2024-05-06 21:04:18
223
delsol_33
Dsel1 :
Co-ops are the future. Employee owned businesses 🙌🏻
2024-05-06 22:50:46
137
gee6136
gee6136 :
Such a no brainer. Employees have pride in their jobs and work harder
2024-05-06 21:18:46
31
pm53467
otto kahn :
that's why KKR is one of the top investment firms
2024-05-06 21:43:20
29
l24002
user6744081122267 :
What a great story!
2024-05-06 20:52:27
29
kristonisms
sea hag :
I wish all companies did this for their employees
2024-05-06 23:05:58
22
flymiamibro22222
Hftdssyfcvhhvxssjk :
oH nO itS sOcIAlISM
2024-05-07 00:13:02
11
cook35528
cook :
This was amazing for our community. A lot of people paid off their house and many got into a home
2024-05-07 11:50:32
9
teckland
TEE :
The capitalistic version of the workers owning the means of production…
2024-05-07 02:53:41
9
kanyesada
Untitled :
455,000
2024-05-06 21:23:23
9
marmarmarps
Marps :
so basically socialism works. i'm gonna get so much fire for that statement but literally socialism is worker ownership.
2024-05-06 21:08:47
8
kweefkween95
kweefkween95 :
that's amazing
2024-05-06 20:51:43
7
jmastro2962
JMastro2962 :
I find it hard to believe. I’ve given up on humanity.
2024-05-06 20:58:56
6
dwe2a
🔵 dot :
This is the way. Employees will immediately spend that money paying off debt, buying new vehicles, remodeling homes, etc. The rich will just put it back on the stock market or store it in savings.
2024-05-09 01:59:38
5
saynotoko
KO :
Trickle up economics warms the heart 🥰
2024-05-07 12:32:36
5
bigdumbb1tch
BigDumbB1tch :
I’ve done contract work at manufacturing facilities that are losing people to fast food jobs. Meanwhile this company has nurtured a dedicated workforce through common sense benefits.
2024-05-06 22:53:25
5
79texasmade22
79texasmade22 :
If the employees are willing to take the same risks as a owner like going bankrupt if the company doesn't make it and liable for loans then we can tal
2024-05-06 23:12:37
4
marianne.dee
𝓜𝓪𝓻𝓲𝓪𝓷𝓷𝓮 ♡︎ :
THIS ⬆️is the America I want to live in. Vote 💙
2024-05-06 21:39:15
4
danni123071
⚫️danni123071🆘🇺🇸 :
Sign me up to care about what I do to earn a living in this country!!🙏🙏
2024-05-06 21:10:27
4
weebit01
Weebit01 :
This is wonderful!!! 🥰
2024-05-06 20:50:27
4
docmack90
themacD90 :
Wonderful story. One of the very few situations where both the sea suite and the workers both got rewarded.
2024-05-07 02:01:57
3
freedomforliberty
Italian Stallion :
Donated to Church? Suckers
2024-05-07 00:49:07
3
fullstock24
fullstock24 :
So that's why my garage doors costed so much...
2024-05-06 23:52:42
3
nht48823
nht48823 :
I am pretty sure the wallstree would short it until they get their way.
2024-05-06 23:29:48
3
neworleansbusgirl_nola
Nolajane :
It’s like fairness is possible and life changing
2024-05-06 22:44:59
3
loudoununited
LoudounUnitedFC :
This is what we need to do everywhere!
2024-05-06 21:58:33
3
watty.watt2
World wide Watkins :
This is the business model
2024-05-07 14:49:07
2
jeffgrotenhuis
Jeff Grotenhuis :
Cries in teacher
2024-05-07 12:26:11
2
annehook1
annehook1 :
😂😂😂
2024-05-07 12:25:32
2
cpdlc123
CPDLC :
Curious how much KKR made on the deal vs employees
2024-05-07 10:47:39
2
james_mullins_sr
james_mullins_sr :
What about taxes?
2024-05-07 08:02:40
2
pinballogist
Pinballogist :
But what the employers got was chump change compared to what KKR kept for themselves
2024-05-07 01:54:58
2
theloniusaxe
theloniusaxe :
🥰🥰🥰
2024-05-07 00:52:14
2
thespiannthecity
Layla :
Did I hear Church?💀
2024-05-07 00:42:49
2
shapp50
Shapp50 :
List all employee own companies. Would love to know this information.
2024-05-07 00:34:12
2
bradness37
Brad Ness462 :
That scream in the back is ALL of us!❤️❤️❤️
2024-05-06 22:26:26
2
vincentbullet287
vincentbullet287 :
that's what Germany does what their employees the employees run the business they're more successful than our business is here are.
2024-05-06 21:43:31
2
anticariat
Anticariat :
Company shortly after went out of business
2024-05-06 21:09:55
2
friedtoacrisp
ⓘ This user is cooked :
this is what socialism really means, when the workers own the means of production. labor should be the only way to own the business.
2024-05-09 10:56:14
1
cpdlc123
CPDLC :
Look up carried interest and see how far Private equity employee pays not much taxes on their income vs workers in their portfolio companies. Completely unfair !
2024-05-08 21:56:13
1
badgaljnn
BadGalJnn :
Amazing!! I pray others follow their example
2024-05-08 00:05:14
1
haliesdadd
haliesdadd :
Great story!!!
2024-05-07 22:07:31
1
mikedockstader223
mikedockstader223 :
I used to work for Nucor. Absolutely sucked.
2024-05-07 21:58:02
1
mightyzeppelin
Mighty Zeppelin 🇺🇦 :
There’s a word for describing “employee owned business“, it starts with an C. Americans have been told to hate this system from birth. Can you guess what it is? 🤔
2024-05-07 17:59:18
1
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