Employee Ownership Blog

In Revenue Procedure 2012-29, the IRS provided a model for employees wanting to make an 83(b) election for an equity award.

Employees at the five largest Wall Street firms often have a portion of their 401(k) accounts invested in the stock of their employer, and in 2011 those holdings created losses of over $2 billion in those accounts, according to analysis by Bloomberg.

The Supreme Court's decision that the Affordable Care Act is largely constitutional also affirmed a 3.8% capital gains surtax for certain taxpayers. Assuming Congress extends the current rate of 15%, set to expire on December 31, the capital gains tax rate for some taxpayers will rise to 18.8%.

A U.S. district court judge in the Middle District of Florida rejected a defendant's motion to dismiss a claim against trustees of the KSOP (combined 401(k)/ESOP) at Community National Bank Corporation (CNBC).

Employees of Société Général, one of Europe's largest financial services companies, bought newly issued shares representing 0.54% of the company's ownership.

The NCEO recently launched the Employee Ownership Ambassador program as a resource for companies interested in learning more about employee ownership.

The NCEO is an event sponsor for Aspirations 2012, Stock & Option Solutions' second annual conference on equity compensation, which will be held on July 25 in Santa Clara, CA. The conference is designed for executives and stock plan staff from private companies planning a liquidity event.

We have just released our annual update of the Employee Ownership 100, a list of the 100 largest majority employee-owned companies in the U.S.

The U.S. Court of Appeals for the Sixth Circuit upheld the dismissal of a stock-drop lawsuit against the fiduciaries of the KeyCorp 401(k) plan, finding that the plaintiff had not suffered net losses during the class period.

Apple CEO Tim Cook, whose compensation package is valued at $378 million, will give up $75 million in dividends on his restricted stock and instead use that to pay dividends on the restricted stock held by employees. Currently, the awards held by employees broadly do not pay dividends.

The Irish telecommunications company Eircom emerged from bankruptcy protection on June 12 with a new ownership structure.

Dee Crosby is the new executive director of the Certified Equity Professional Institute (CEPI) at Santa Clara University. Dee has been on staff at CEPI since 2004. Before moving to Santa Clara, she worked in engineering management for several Silicon Valley companies.