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TABLE OF CONTENTS

Introduction

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Revolve Technologies:
Finding the Employee Ownership
Balance Assessing the Options
A New Company Is Born
What Does Employee Owner Mean?
Growth and Partners
Closure Comes

Algoma Steel: Taking a New Path
The Struggles of the Past
Government Moves In
The Proposals Begin
The Deal Emerges
The New Algoma is Born
On the Work Floor
A New Approach to Training
The Difficulties of Building a New Structure

Creo Products: Creative Individuality
Creo’s Solutions: Technology and Philosophy
The Unit President
Performance Assessment and Share Options
Small-Firm Ways and Big Payoffs

Pacific Regeneration Technologies:
Public Servants Grow Their Company
Moving to Privatization
Starting A Company
The Share Structure
Building a Team and Management Expertise
Worthy Joins In
Becoming an Income Trust

Provincial Papers: War and Peace (and War)
Waiting for the Shoe to Fall
Developing the Buyout
Finding a CEO
The New Strategy
Struggling with Employee Participation
Buyout, Again
Assessing the Experience

Integra Geoservices: Through Thick and Thin
From Inverse to Integra
The New Company Hits Rocky Times
Struggling with Board Issues
Bailing Out
After the Sale

Canadian Pacific Express and Transport:
A Bumpy and Impassable Road
The History
Towards Employee Ownership
Building a New Company
Trouble Strikes Again
The Turnaround Effort
Searching for a Buyer
The Assessment

SFG Technologies: Timing the Cycle
New Opportunities and Big Problems
Building Again
The Exit

Great Western Brewery: David and Goliath
Employees Fight Back
The Roughrider of Suds: A New Company Begins
Phase Two Begins
The Challenges of Employee Ownership
Finding an Exit

Spruce Falls: The 15 Percent Competitive Edge
Towards a Solution
Darwin Smith’s Video
The Tembec Connection
The Final Stages
A New Company Begins
Defining Values
Employees Join The Board
Open Communications
Defining Participation
Turcotte Shines

The Analysis
The Analysis: Lessons from Our Cases
Does Employee Ownership Work for Companies?
Does Employee Ownership Work for Employees?
Role Confusion and Design Options
Further Lessons from the Case Studies
Conclusions

Appendix
The Categories of Ownership and Possible Designs
The US History
The Canadian History
What the Research Shows
Attitudes, Participation, and Ownership
Theory O