Business & Economy · 3 views
Newport Restaurant Group is 100% owned by its workers—and has paid them $33 million since 1995: ‘Nobody else gets the benefit’
Andy Staane started as a bartender at The Mooring in Newport, R.I., in 2002, as a teenager trying to scrape together a few extra bucks. Twenty-four years later, Staane is still in the same role at the same company.
Summary
Andy Staane started as a bartender at The Mooring in Newport, R.I., in 2002, as a teenager trying to scrape together a few extra bucks. Twenty-four years later, Staane is still in the same role at the same company. But he isn’t just an employee anymore—he’s also a part owner, just like all of his coworkers.
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