Sunday, November 1st, 2020
Monday, October 12th, 2020
Clearleft turned fifteen this year. We didn’t make a big deal of it. What with The Situation and all, it didn’t seem fitting to be self-congratulatory. Still, any agency that can survive for a decade and a half deserves some recognition.
I didn’t make too much of a big deal of it back then. I think I was afraid I’d jinx it. I still kind of feel that way. Fifteen years of success? Beginner’s luck.
Despite being one of the three founders, I was never an owner of Clearleft. I let Andy and Rich take the risks and rewards on their shoulders while I take a salary, the same as any other employee.
But now, after fifteen years, I am also an owner of Clearleft.
Clearleft is now owned by an employee ownership trust. This isn’t like owning shares in a company—a common Silicon Valley honeypot. This is literally owning the company. Shares are transferable—this isn’t. As long as I’m an employee at Clearleft, I’m a part owner.
On a day-to-day basis, none of this makes much difference. Everyone continues to do great work, the same as before. The difference is in what happens to any profit produced as a result of that work. The owners decide what to do with that profit. The owners are us.
In most companies you’ve got a tension between a board representing the stakeholders and a union representing the workers. In the case of an employee ownership trust, the interests are one and the same. The stakeholders are the workers.
It’ll be fascinating to see how this plays out. Check back again in fifteen years.
Monday, May 1st, 2006
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