Employee Ownership Blog
Corey Rosen

Corey Rosen

December 15, 2020

Finding Diverse Candidates for ESOP Boards

Many ESOP companies are looking to diversify their board membership but have a hard time knowing where to look. Board members tend to come from existing networks of CEOs, and tend to be older white males. Research shows that cognitive diversity on boards leads to better decisions. Board members who can think differently about issues and who are willing to challenge existing norms can help companies move forward. Demographic diversity does not guarantee cognitive diversity, but it may help. For many companies, of course, diversity is a goal in itself even if it does not lead to different decisions.

Corey Rosen

December 02, 2020

New York City Launches Employee Ownership Outreach Program

On December 2, New York Mayor Bill de Blasio announced the city would start Employee Ownership NYC, an outreach program to encourage business owners to sell to their workers.

Corey Rosen

November 30, 2020

Biden Names Key Pro-Employee Ownership Advisers

President-elect Joe Biden has named Jared Bernstein to the Council of Economic Advisers. Bernstein wrote a 2016 paper, Employee Ownership, ESOPs, Wealth, and Wages, for the Employee-Owned S Corporations of America (ESCA) on why employee ownership is important. Bernstein said that he did not support further tax incentives, but did support a federal outreach program on ESOPs and conditioning current corporate tax incentives on sharing ownership.

Corey Rosen

October 23, 2020

Huawei's Phantom Plan Provides Real Ownership for 90,000 Employees

Huawei Technologies is the largest telecommunications equipment manufacturer in the world and the second-largest manufacturer of smartphones. It has close to 200,000 employees worldwide, mostly in China. It also claims to be employee-owned, which, if true, would make it the second-largest majority employee-owned company in the world, just after Publix in the US.

Corey Rosen

October 21, 2020

S Corporation ESOP Bill Introduced in the House

Updated November 2, 2020

Corey Rosen

October 20, 2020

Colorado Creates Employee Ownership Center

Colorado has become the most recent state to create a state employee ownership center. Governor Jared Polis has created the Employee Ownership Office as a standalone center in the Colorado Office of Economic Development and International Trade (OEDIT). The office will have its own dedicated staff. It has $1.75 million in funding over the next two years.

Corey Rosen

October 08, 2020

American Sustainable Business Council Urges More Broad-Based Employee Ownership

In its 128-page report “Creating an Economic System That Works for All,” the American Sustainable Business Council (ASBC) urges a variety of steps to promote broad-based employee ownership.

Corey Rosen

September 29, 2020

Employee Ownership Index Now Available at Infinite Equity

In June 2017, the NCEO created the Employee Ownership Index, an index of publicly traded companies that both had won major awards for high engagement management styles and had some form of broad-based employee ownership. The list was updated each year as some companies were added and some dropped off. Since that time, the Index outperformed the S&P 500 by about a 2 to 1 ratio. Until May of this year, the Index was housed at Motif Investments, an online platform that allowed users to develop funds that others could invest in. Motif was sold to Folio, and Folio does not allow that kind of investment. No other platform allows this, so the Index is not available as an investment.

Corey Rosen

August 31, 2020

New NCEO Webinars: Financial Wellness for ESOP Participants

Many ESOP companies provide financial wellness education for employees—and even more should. Employees really appreciate the help in learning how to think about wealth-building strategies for the long term, and especially how their ESOP accounts fit into that. But it can be hard to find the time and resources to put together a really effective package, so we have done it for you.

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