What (who) is ghost-employee - definition

SYSTEM GIVING EMPLOYEES STAKE IN A COMPANY'S OWNERSHIP

Employee Owned Corporation; Employee Stock Ownership Programs; Employee stock ownership programs; Employee Stock Ownership Program; Employee stock ownership program; Employee-owned company; Employee-owned; EOCC; Employee-owned corporation; Employee Owned; Employee buyout; Employee share scheme; Employee-owned business; Employee ownership; Employee share schemes; Employee Share Ownership Plan; Employee owned corporation; Employee stock option plans; Employee stock ownership plans; Worker stock options; Employee stocks; Worker stocks; Rights4shares; Rights for shares; Employee owner; Employee shareholder; Employee investment; Employee stock; Employee share ownership plans; Shares for rights; Employee owned business; Employee stock ownership plan; Employee-owned companies; Employee-owned share company

ghost-employee

From Oklahoma politics: a state employee who gets paid although she never shows up for work, one who got the job as a political favor or payoff.
The Oklahoma State Health Department is notorious for its many ghost-employees.

Ghost soldiers

SCHEME INVOLVING NONEXISTENT SOLDIERS

Ghost battalion; Ghost battalions

Ghost soldiers or ghost battalions are names appearing on military rolls, but who are not actually in military service, generally in order to divert part of the soldiers' salaries to an influential local entity such as army officers or others. Soldiers may equally benefit from the corruption scheme by returning to their civilian occupation and routine while gaining marginal income.

https://en.wikipedia.org/wiki/Ghost_soldiers

Ghost Soldiers

SCHEME INVOLVING NONEXISTENT SOLDIERS

Ghost battalion; Ghost battalions

Ghost Soldiers: The Epic Account of World War II's Greatest Rescue Mission (Doubleday, 2001) is a non-fiction book written by Hampton Sides. It is about the World War II Allied prison camp raid at Cabanatuan in the Philippines.

https://en.wikipedia.org/wiki/Ghost_Soldiers

Wikipedia

Employee stock ownership

Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service).

Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with worker cooperatives or co-determination, employee share ownership may not confer any meaningful control or influence by employees in governing and managing the corporation.

Some companies, particularly private companies, use employee share ownership to support a company's culture. Employee ownership is when all employees together own a substantial stake and have a meaningful voice in the company (or group) that employs them.

A number of countries have introduced tax advantaged share or share option plans to encourage employee share ownership.

https://en.wikipedia.org/wiki/Employee stock ownership

Examples of use of ghost-employee

1. The real ghost employee is in Malacañang and not in Makati,» he said.

2. Estrada said the «real ghost employee» is in Malacañang, referring to Arroyo. «Today, I call on our people to express our combined outrage over the continuing repression and suppression being done by this regime,» Estrada said in a statement. «We must unite to defend Mayor Binay and the entire elected officials of Makati because this is not just a struggle by them but a fight of the Filipino people against the threat of a potential dictator who is not only corrupt but greedy and ruthless,» he said.