Dan Bell's Employee Ownership paper

["Don Ward" <donrward@hotmail.com>]

Dan:

A very interesting paper. In sections 2&3 I sensed more willingness and 
support or governments to sell to their employees than I realized. I was 
interested too to learn that there is a belief that quality will improve. I 
listen to European  radio, out of London quite often and on more than one 
occasion there was the editorial outcry of poor quality performance by the 
railroads once they sold to private investers. However,my knowledge is so 
limited. So please accept my apology on that.

I like section 4 very much. section 4.2 might have an other reason added if 
it is not there already. If it is not possible to structure the deal in  
some fashion so the employee gets an immediate payout, maybe as much as 25 
to 30 % of comp the employee may not feel like going the extra mile required 
of ownership. Others would probably have done research on what that % should 
  be. I discussed it on a visit to Michael Keeling once. He had a number on 
the dollar amount the account balance needed to reach and I believe he did 
encourage, the payout of dividends as earned and booked.

In addition I believe I suggested to Deb  that the various conditions,  I 
think interestingly enough about the same group you listed in 4 be 
identified and somehow rated and given a number to determine the liklihood 
of the deal working. I particularly like 4.3 AND 4.4. Is the capability to 
innovate, create new products,  keep profitabiliity up etc. a part of 
competent management or does that deserve it's own spot.  Good luck on the 
paper  Don Ward


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