Franklin Building Supply - September 2024

Shared Company Ownership A Path to the American Dream I recently came across a 2022 Fortune.com op-ed by Darren Walker and Pete Stavros. The article argued that “shared company ownership may be the missing path to the American dream.” As the economy seems to continually beat on the working class, they suggest that a growing movement, including investors, financial institutions, and labor advocates, believe employee ownership can address the economy’s structural challenges. sold off, separation increased between management and the workers, and wealth began to concentrate at the top. Consequently, dissatisfaction also began to brew at the bottom. Fortunately, the advent of employee stock ownership programs has helped revive some of that worker relationship to company and profitability, improving both business outcomes and employees’ lives. An economically engaged company employs five key practices: 1. Customer Engagement: Understanding customer value and being a partner 2. Economic Understanding: Aligning all employees with the company’s success metrics

3. Economic Transparency: Allowing employees to learn from the company’s performance 4. Economic Compensation: Providing employees with a stake in the results 5. Employee Participation: Lowering turnover and enhancing relationships Effective employee ownership, combined with active participation and responsibility, can lead to significant improvements in business performance and contribute to achieving our American dream! – Anthony Henry MCCALL EO GUIDE

financial growth. Even more recently, the rise of the employee-centric workplace has paired nicely with the owner/employee model like ours. We take wins together, we take losses together, and we pull together. A rising tide floats all boats, and that is even reflected in our builder relationships! Survey data over the past five years highlights that partnership and participation substantially improve business performance. Companies in the top quartile of the Economic Engagement index show double the profit growth compared to their peers. Economic engagement involves partnering with employees to enhance customer service

The American dream was essentially built on employee ownership, with the “Company” typically being the family business, farms, service, etc. Participation in the family business was a given, and “employee” engagement was organic but mandatory. As the family grew, usually so would the business footprint. Generations benefited from this early form of employee ownership being passed on, elevation of generational wealth, and protection of the upward mobility of all involved. As the country shifted to mass production models and family businesses were consolidated and

BIRTHDAYS OCTOBER

LOCATION - EMPLOYEE - YEARS OCTOBER ANNIVERSARIES

Jerome Truss Pocatello Caldwell Truss Caldwell Truss Jerome Truss Pocatello Boise Caldwell Truss Caldwell Truss Caldwell Pocatello Pocatello TVID - Exterior Corporate Corporate Pocatello Caldwell Pocatello Boise Finish TVID - Interior

TVID - Interior Pocatello TVID - Interior Corporate TVID - Interior Boise Pocatello Pocatello Twin Falls TVID - Interior Boise TVID - Interior Corporate Bellevue Fruitland Boise Caldwell Truss Boise Burley TVID - Exterior Corporate Burley Boise Fruitland Corporate TVID - Exterior Twin Falls McCall Jerome Truss Caldwell Elko Corporate Boise Finish

John McCauley Alex Evans Jordan Crow Kaleb Turner Linda Hampton Chase Wood Aaron Lowther Bobby Bray Jessie Rodriguez Kevin Teague Kale Black Cat Bedegi Serjio Cervantes Kyle Jenner Eduardo Granados

Art Hazelbush Saul Fabian Mendoza Michele Nelson Austin Marsh Javier Ramirez Robert Evans Quijano Juan Ruelas

1 1 1 2 3 3 5 5 5 6 6 7 7 7 8 8 8 9 9

16 17 17 17 18 18 19 19 20 20 20 21 22 22 22 23 24 26 26 27 28 28 28 28 29 30 30 30 31

Michael Alaniz Brayden Casper Danny Castellanos Jose Cervantes D Kelsey Parker Libby Sara Mcevilly Joshuah Mora Juan Mora Jr. Nathan Narte Skylar Phillips Alex Ruffridge Dylan Shields Jeff Denker Melissa Murano Kaleb Turner David Armstrong Rebecca Carter Emma Choules Marcus Dennison Zach West Kyle Willes Zachary Flatter Steven Grijalva Jose Herrera Adam Hinshaw Jason Kelley Mackinley Lawson Mikel Place Michael Brown Jared Choat Anthony Healey Chris Hunt

1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4

Jennifer Malone Susan Mowers Austin Rosales Alex Tarasenko Francis Vitug

4 4 4 4 4 5 5 5 6 6 7 7 7 7 8 8 8 9

Greg Boone Kris Hudson Darin Neal Jeff Morgan

Kyle Willes Arlen Main

Tom Reuangrith Layne Bingham Melissa Gray

Gustavo Silva Clinton Hawks Jeremy Hume Jeffrey Chance Stacie Rowley Travis Rice James Snow Wayne Dingman Taylor Shanda Christopher Cross Derek Bloxham Steve Meyers Sierra Baker Justin Perkett Cobey Christoffersen

Kathleen Putman Michael Robillard James Bermudez Reuben Gutierrez Sr. Ricardo Rodriguez Serrato Sarah Hall Casey Hazelbush Casey Kennedy Kaylee Stevenson

Joshua Swartz Jamie Sinclair Shawn Nelson Christopher Morgan Charmaine Meredith Deane Paul Ludwig Sophia Alvarez

12 12 14 18 19 19 20 20 21 23 24 26 28 31 32

Pocatello Pocatello Boise

Doug Anderton Joey Enochson Corey Garcia Josh Booher Jim Priess Linda Hampton Dana Parker Craig Barnes Adam Hyer Marie Matys Dano Otero Trent McKnight

10 11 11 11 12 12 12 15 15 15 16

TVID - Exterior TVID - Exterior TVID - Interior

Eric Howell Pablo Cruz

Twin Falls Pocatello Elko McCall

Kris Connors Aaron Davis Jose Martinez Cody Ball Chuck Sisco Mary Ann Harris

Curtis Larsen Joey Enochson Zachary Flatter Terry Brits Ty Eldred

TVID - Exterior TVID - Interior Twin Falls

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