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    Newport Restaurant Group is 100% owned by its workers—and has paid them $33 million since 1995: ‘Nobody else gets the benefit’

    Fortune
    October 21, 2026
    via Fortune

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    Newport Restaurant Group is 100% owned by its workers—and has paid them $33 million since 1995: ‘Nobody else gets the benefit’

    Bartender Andy Staane has spent 24 years at Newport Restaurant Group, where every employee is an owner. As baby boomers prepare to hand off up to $5 trillion in small businesses, its CEO says ESOPs are a “proven model.”

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