The Ownership Effect

The ESOP Association

The Ownership Effect is your front-row seat to one of the most powerful — and underappreciated — forces reshaping the American workplace: employee ownership. Hosted by Jim Bonham, President and CEO of The ESOP Association, this biweekly podcast dives deep into the transformative impact of Employee Stock Ownership Plans (ESOPs) on businesses, workers, and local economies.

Each episode features candid conversations with company founders, policymakers, and employees whose lives have been transformed by ownership. You’ll hear real stories of change and shared success, and why companies are choosing the ESOP model. We’ll dive into the challenges holding employee ownership back—and the solutions that can bring it to more Americans.

If you’re a business owner, an employee who wants more than a paycheck from your job, or someone who believes in an economy that works for everyone, this podcast is for you!

New episodes every two weeks. Subscribe and join the movement toward a more prosperous workplace and economy.

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15 episodes
fortnightly
Avg 22 min
English

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#15
November 3 · 19 min
Women in ESOPs: Empowerment & Opportunity
What happens when ownership creates a culture where people are encouraged to grow, lead, and build long-term financial security? Jim Bonham sits down with Karen Ellis of Superior Farms and Becky Streff of Holden Industries to discuss leadership, mentorship, retirement security, and the opportunities employee ownership creates for future generations. Drawing on decades of experience at mature ESOP companies, Karen and Becky share how ownership cultures help people discover their strengths, develop as leaders, and build meaningful wealth over time. They discuss the power of role models, the importance of saying "yes" to new opportunities, and why seeing coworkers retire with substantial ESOP accounts can change how employees think about their futures. This is a conversation about possibility, and about how employee ownership helps people thrive both professionally and financially.
#14
October 20 · 21 min
Stop Trying, Start Doing: Carla Ondrasik on the Ownership Mindset
What changes when “I’ll try” becomes “I’ll do it!”? Carla Ondrasik, author of Stop Trying!, joins Jim Bonham to explore how fear of failure and perfectionism can keep good ideas from becoming action. Drawing on her career in music publishing, Carla shares a story about a songwriter who took on a challenge he thought was beyond him. She and Jim discuss what leaders can do to make room for ideas, mistakes and initiative, and why that matters in an employee-owned company, where everyone has a stake in what happens next.
#13
October 5 · 19 min
Ownership With Purpose: Why Meaning Matters at Work
What gives work meaning beyond a paycheck? In this episode of The Ownership Effect, Jim Bonham sits down with Kathy Varol, former Head of Global Purpose Strategy at Adidas, to explore how purpose can transform a company from a place people work into a place people believe in. Drawing on her journey from Peace Corps volunteer to global business leader, Kathy shares how purpose becomes more than a mission statement when it's embedded into strategy, culture, and everyday decision-making. She explains why purpose-driven organizations attract committed employees, build stronger cultures, and often emerge stronger during challenging times. The conversation also explores why employee-owned companies may have a unique advantage. Ownership aligns people around success, but purpose gives that success meaning. Together, they create workplaces where employees are invested not only in what the company earns, but in what it stands for—and where business becomes a force for creating opportunity, impact, and lasting value.
#12
September 16 · 52 min
What Makes an ESOP an ESOP?
What makes an ESOP an ESOP—and why does the distinction matter? Jim Bonham sits down with Ben Holder of Plastic Products Company, Derek Vick of Freedom Industries, and Peter Ney of EA Engineering, three experienced ESOP leaders, to unpack the core principles that make ESOPs unique. They explore how ESOPs create long-term wealth and retirement security for employees, the fiduciary protections and transparency built into the model, and why ESOP ownership is fundamentally different from other forms of employee ownership. The conversation also turns to emerging proposals aimed at expanding employee ownership through private equity and other models. The group discusses why The ESOP Association supports new approaches to employee ownership while drawing a clear line around what should, and should not, be called an ESOP. It’s a candid conversation about what has made ESOPs successful for more than 50 years, what’s at stake as new ideas emerge, and why definitions matter when public policy and employee owners are involved.
#11
August 28 · 18 min
The "Vibecession" and the Case for Ownership, with Kyla Scanlon
Why does the economy look healthy on paper while so many people feel like it isn't working for them? Economist, author, and financial educator Kyla Scanlon joins Jim Bonham for the Season Two premiere of The Ownership Effect to unpack the “vibecession”, the disconnect between economic data and how people actually experience the economy. Jim and Kyla explore what younger workers want from their employers, why so many people feel disconnected from the economy, and how employee ownership could give more Americans a tangible stake in the companies they work for.
#10
March 27 · 25 min
Your Questions on ESOPs, Congress, and the Future of Employee Ownership
Welcome to the season finale of The Ownership Effect! In this episode, Jim Bonham is joined by previous guests Gary Shorman of Eagle Communications and Jason Wellman of ESOP Partners to help answer audience questions from Season One. The conversation ranges from the business succession crisis in the U.S and how ESOPs can provide a solution, legislation and regulation that could impact ESOPs, and private equity’s interest in ESOPs.
#9
February 23 · 23 min
How ESOPs Change Lives: Real Stories from Employee Owners
In this episode of The Ownership Effect, we hear two deeply personal stories that show what employee ownership truly means at the individual level. Amy Huot of Proponent and Christy Magee of DVL Group share how working at employee-owned companies transformed their financial security, career paths, and family futures. From rebuilding retirement savings after a major health crisis to realizing, for the first time, that retirement was actually possible, their stories highlight the human perspective of the promise of ESOPs. Their experiences also reveal how employee ownership shapes company culture: greater trust and transparency, stronger retention, and a shared commitment to long-term success. This conversation is a powerful reminder that ESOPs aren’t just a business structure—they’re a life-changing force for employees and their families.
#8
February 9 · 21 min
See You in Court: How an ESOP Founder Challenged the Government—and Won
What happens when a company does everything right—and still ends up under federal investigation? On this episode of The Ownership Effect, Jim Bonham speaks with Brian Bowers, CEO of Bowers + Kubota, about one of the most consequential ESOP cases in recent history. After becoming an ESOP, Bowers + Kubota became the target of a Department of Labor investigation that stretched on for years. Brian discusses why the company chose employee ownership, why they refused to settle, and what it took to defend their ESOP. The result: a decisive victory that exposed serious flaws in how ESOP transactions were being scrutinized—and helped catalyze bipartisan legislation that could reshape the regulatory environment for employee ownership. This is a story about conviction and resolve, and a must-listen for founders, policymakers, and anyone interested in the future of employee ownership.
#7
January 27 · 22 min
Why Democrats and Republicans Love ESOPs: Part Two
Jim Bonham continues his conversation with retirement policy expert Kendra Isaacson, examining why retirement security has become a top bipartisan priority in Congress and how ESOPs can play a critical role for both younger workers and retiring business owners. They discuss recent legislative developments, the long-awaited need for clear guidance on adequate consideration, and how smart policy can strengthen ESOP formation, protect fiduciaries, and expand employee ownership at a pivotal moment for the U.S. workforce.
#6
January 12 · 20 min
Why Democrats and Republicans Love ESOPs: Part One
Retirement policy expert Kendra Isaacson joins Jim Bonham for Part One of a two-part conversation exploring why employee stock ownership plans enjoy rare bipartisan support on Capitol Hill. Drawing on her experience at the Department of Labor and on the Senate HELP Committee, Isaacson explains how ESOPs fit within America’s retirement system—and why lawmakers on both the left and the right view employee ownership as a public good that strengthens workers, businesses, and local economies.
#5
Dec 16, 2025 · 22 min
ESOPS: An Origin Story
Dr. John Hoffmire joins the podcast for a sweeping, candid look at the history of ESOPs: How they began as bold experiments, to the lessons learned along the way, and what can be done next to create millions more employee owners.
#4
Dec 2, 2025 · 22 min
Ownership Starts Here: The Culture + Communication Equation for ESOPs
What turns an ESOP into a true ownership community? Culture—and the communication that powers it. Jim Bonham sits down with Lindsay Shafer and Jason Wellman to break down the habits and everyday practices that create engaged employee owners and high-performing ESOPs.
#3
Nov 17, 2025 · 19 min
The Miracle Moment, Part Two
In Part Two of The Ownership Effect premiere, Jim Bonham sits down with Drew Tavss, CEO of Mid South Building Supply, for a deep dive into the company’s ESOP journey. What factors went into Mid South Building Supply’s decision, what led them to their Miracle Moment, and how did the ESOP transition affect the company and employees? Listen to the latest episode and find out!
#2
Oct 31, 2025 · 25 min
The Miracle Moment, Part One
In the premiere episode of The Ownership Effect, Jim Bonham speaks with Gary Shorman, Chairman of Eagle Communications. Jim and Gary discuss Eagle’s ESOP journey, and what employee ownership has meant for the company, the employees, and the communities it serves.
Oct 24, 2025 · 2 min
The Ownership Effect Trailer
The Ownership Effect is your front-row seat to one of the most powerful — and underappreciated — forces reshaping the American workplace: employee ownership. Hosted by Jim Bonham, President and CEO of The ESOP Association, this biweekly podcast dives deep into the transformative impact of Employee Stock Ownership Plans (ESOPs) on businesses, workers, and local economies. Each episode features candid conversations with company founders, policymakers, and employees whose lives have been transformed by ownership. You’ll hear real stories of change and shared success, and why companies are choosing the ESOP model. We’ll dive into the challenges holding employee ownership back—and the solutions that can bring it to more Americans. If you’re a business owner, an employee who wants more than a paycheck from your job, or someone who believes in an economy that works for everyone, this podcast is for you! New episodes every two weeks. Subscribe and join the movement toward a more prosperous workplace and economy.

Showing 1–15 of 15 episodes