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Owners of closely held companies often make their employees stockholders in the business. This is done for a number of reasons, including compensation, motivation, and morale. Employee stockholders generally do not receive a dividend, nor do they have any control over management decisions of the company. For this reason, many employees would rather receive cash bonuses than stock. Employees in more long-term positions or positions of greater responsiblity show more enthusiasm for stock ownership. If employees are confident in the growth of a company, they will be more enthusiastic toward the stock.