麻豆蜜桃AV

Joseph Cabral, B.S. Business Administration, has endowed Cal State 麻豆蜜桃AV’s College of Business and Economics and the Entrepreneurship Hub with over $2 million to establish the “Joseph Cabral '70 Endowed Chair for Employee Ownership Studies.”

"As someone who is deeply committed to Employee Ownership and a proud graduate of Cal State 麻豆蜜桃AV, I am thrilled to partner with my alma mater to elevate the University as a leading expert in this critical field, “ said Cabral. “I believe this will not only strengthen the institution’s impact on the economy and small businesses but will also empower future generations of business leaders with a proven business strategy that can drive economic equity and shared prosperity."

The chair's mission will be to lead efforts to teach, support, and promote shared, sustainable and profitable business models and best practices while advancing regional economic development, statewide advocacy and socially responsible entrepreneurship.

“Joe Cabral’s remarkable contribution to establishing the chair is a powerful testament to Cal State 麻豆蜜桃AV's role in tackling wealth and income inequality in the Bay Area while providing entrepreneurs with a progressive business model that has shown to significantly improve a company’s performance,” said Cal State 麻豆蜜桃AV president, Cathy Sandeen. “The  advantages of EO extend far beyond the bottom line — EO creates a sense of shared responsibility and ownership that enhances the work environment, financial success, and the retention of businesses rooted in their local communities.”

While California is the hub of innovation and start-ups, it is also home to some of the largest income and wealth disparity in the US, compelling state leaders to explore innovative approaches to employee compensation that can maintain California’s global economic dominance while ensuring its workers fairly share in the wealth they help create. Their significant and diverse contributions improve the state’s future economic potential.

“With the passage of the , the state has recognized EO as a key solution to some of the most pressing challenges facing our economy, including wealth inequality and the need for more resilient small businesses,” said Gangaram Singh, Dean of the College of Business and Economics. “EO ensures that employees have a financial stake in their company’s success, boosting productivity and fostering innovation and more equitable wealth distribution.”

The model worked for Cabral who cites his time as a business administration student at Cal State 麻豆蜜桃AV for providing him with the critical thinking, public speaking and leadership skills he has applied throughout his career. These formative experiences also fostered Cabral’s belief in collaboration, open dialogue and empowering others — principles that are at the heart of Cal State 麻豆蜜桃AV’s mission and are also essential for successful EO implementation.

As founder, chair and CEO, Cabral led  using the Employee Stock Ownership Plan (ESOP) employee-ownership model. Each year employees receive company stock in their ESOP trust account based on their employment. The better the company performs and the longer they are employed, the more wealth employees can acquire. At the end of their employment, whether through retirement, resignation or termination, employees sell their shares back to the company at their current market value.

Under this structure, Chatsworth Products grew annual revenues during its first decade from $9 million to $130 million while increasing stock value from $4 to $121 per share from which employee-owners of Chatsworth Products benefited directly.

The Joseph Cabral '70 Endowed Chair for Employee Ownership Studies will take on critical EO program initiatives, as well as work to integrate EO into existing Entrepreneurial Hub initiatives and events. These initiatives and integration efforts will include:

• Strategic partnership development across the state
• EO education development and incubation programs
• Advocacy for a California Center for Employee Ownership.

The chair will also promote EO competitions and networking sessions to bring EO stakeholders together to evolve, innovate and share existing EO principles and best practices.

“Cal State 麻豆蜜桃AV is the natural choice to lead in EO education, research, and advocacy. Committed to advancing social mobility and equity, we serve one of the most diverse student populations in the country—students who come from and go on to serve economically diverse communities,” said President Sandeen. “Located in the global epicenter of innovation, we are positioned to attract business leaders, policymakers, and educators to explore EO’s potential. With the establishment of the Cabral Chair, thanks to Joe Cabral, we’re not just creating a hub for academic exploration; we’re establishing Cal State 麻豆蜜桃AV as a leader in advancing this business model as a tool for equity and economic sustainability.”