EOtrans Participants - INTRODUCTION

[Shann Turnbull <sturnbull@mba1963.hbs.edu>]

Hello and further to your request for an introduction I provide the following:

My interest in Employee Ownership arose because of my realization that the
capitalist system is inefficient and inequitable, and especially so in the
dominant "Anglo" cultures.  This realization developed while I was at
Harvard Business School 1961-3.  It was reinforced very much with my
experience as a "corporate raider" from 1966 to 1974.  In 1973 I invented
techniques to make capitalism more efficient and equitable and after
working with Louis Kelso on an acquistion in San Francisco in 1974, I
invited him to Australia to promote our ideas.  To introduce both Kelso and
my own proposals for his lecture tour I wrote "Democratising The Wealth of
Nations".  Since then I have been working on ways to introduce the theory
and practice of introducing an ecological form of private property market
economy.  I now have over 200 articles published.  Some are in
internationally refereed academic journals, most are in professional
journals and many in popular publications.  A selected bibliography is on
my web page http://www.mpx.com.au/~sturnbull/index.html and a full
bibliography is available on request.  I can send by e-mail articles
written since1984.  

In 1991 I made two solo lecture tours on privatisation to the Czech +
Slovak Republics and accompanied Jeff Gates to help run a ten day seminar
on privatisation techniques in Beijing.  Jeff invited me to present my
techniques as they did not require either the complex financing
arrangements or tax incentives of the Kelso proposals in transforming
economies.  In 1987 I invited Jeff to Australia to launch the Australian
Employee Ownership Association and have served on its executive ever since
including time as President.

My intellectual development and analysis of the shortcomings in the theory
and practice of market economies are set out in a paper 'New Strategies For
Structuring Society From a Cashflow Paradigm', presented to the Fourth
Annual Conference of the Society for the Advancement of Socio-Economics
held at the Graduate School of Management, University of California,
Irvine, California, U.S.A. in a "track" on the Third Way, Friday, March 27,
1992.  I have sent this paper to the list editor and requested that it be
made available in the COG archives.

Three of my most relevant articles in refereed academic journals which are
most relevant for this discussion group are:

'Re-Inventing Corporations', Journal of Employee Ownership Law and Finance,
2:4 , Fall, 1990, pp. 109-136. National Centre for Employee Ownership, San
Francisco.  Translated in Czech and published in Podniková Organizace,
Prague, 1991.

'Re-inventing Corporations', Human Systems Management,  IOS Press, 10:3,
pp.169-86, 1991.

'Stakeholder Governance: A cybernetic and property rights analysis',
Corporate Governance: An International Review, Blackwell, 5:1. pp. 11-23,
January, 1997. http://papers.ssrn.com/sol3/paper.taf?ABSTRACT_ID=11355


All three articles describe Ownership Transfer Corporations (OTCs) as a way
to attract more foreign investment on a basis for obtaining more local
(employees and other resident stakeholders) ownership and control.  The OTC
concept also provides a basis for converting multinationals into a network
of local owned and controlled stakeholder co-operatives.  This provides a
basis for promoting with the World Trade Organisation (WTO), the adoption
of a "Community Investment Code" (CIC).  COG could promote a CIC through
the suggestion by Deb Olson for a Stock Quid Pro Quo for WTO and Gov't made
to the Homestead list on September 23 refer to:
http://cog.kent.edu/archives/homestead/msg00021.html

Any discussion on this?

Regards to all


At 06:23 AM 29/9/1999 , Steve Clem wrote:
>Dear Member of the Discussion Group on Broadening Employee Ownership
>Transnationally>
>If you choose, it might be helpful for you to send a paragraph or two to
>the group introducing yourself.
>
>We expect to begin discussions tomorrow.
>
>Thanks
>
>Steve Clem
>

Shann Turnbull
P.O. Box 266 Woollahra, Sydney, Australia, 1350
Phone: 02 9328 7466 office; 02 9327 8487 home
Fax: 02 9327 1497 home & office.  Mobile 0418 222 378
Outside Australia, replace first "0" with "61" after international access code
Life long E-mail: sturnbull@mba1963.hbs.edu
http://www.mpx.com.au/~sturnbull/index.html