Since 2004, Entertainment Partners has been fully owned by our employees. This assures that each interaction with a member of our team is an encounter with a dedicated owner. It has been estimated that more than 11,500 companies have installed Employee Stock Ownership Plans (ESOPs), with a total of more than 10,000,000 employees. Approximately 4,500 ESOP companies are majority-owned by the ESOP. While many companies have only fractional percentages of employee ownership, Entertainment Partners is one of only 2,500 companies that are 100% owned by the ESOP.
Studies have shown that ESOP-owned companies are more productive than comparable firms in the same industry that are not ESOP-owned. By focusing on doing our collective best each and every day, our Employee Owners have a direct impact on the company’s bottom line. In addition, this opportunity to support each other and help achieve one another’s retirement goals connects us in a way that extends beyond the typical co-worker relationships.
Our employee ownership permeates our culture and translates into unparalleled service. This also brings additional assurances regarding how we run our business – as an ESOP we are legally obligated to maintain high standards of corporate governance and are overseen by a Board of Directors, the majority of which is independent. An independent Trustee has a fiduciary responsibility to ensure that actions taken by management are in the best interests of, and ensure the continuing viability and success for, the company and our clients.
To learn more about ESOPs, visit these sites: