NCEO Events & Webinars
Closing an ESOP transaction is a significant milestone, but it also begins a new set of obligations. In a recent NCEO webinar, Beyond the Close: What New ESOPs Need to Prepare for in Their First 90 Days, 6 Months, and One Year, Ken Sommers of PCE Investment Bankers walked through the practical realities that newly formed ESOPs face as they move from transaction to ongoing operation.
Corey Rosen
The Fortune 100 Best Companies to Work For® 2026 list compiled by the Great Place to Work Institute once again contains a number of companies that either have ESOPs or are directly 100% owned by most of their employees. One is 100% ESOP-owned, one is a 100% employee-owned mix of an ESOP and a stock purchase plan, three have minority ESOPs, and three are owned by stock purchase or partnership plans in which most employees participate.
Corey Rosen
Many mature ESOP companies use releveraging to help manage their repurchase obligations and ensure there are shares to allocate to new participants over time. Releveraging especially helps manage repurchase costs when the company’s share price increases quickly. In releveraging, ESOP companies borrow money to purchase shares, typically from former employees, and then allocate those shares over the life of the loan. This new debt can have a temporary impact on share value. Part of that impact is offset by the additional shares allocated to existing participants, but many companies create a floor price plan that protects at least more senior employees from a reduction in their stock value as a result of the additional debt.
Maria Lianos
In an NCEO webinar earlier this year, Capital Planning: Beyond the Basics, Prairie Capital Advisors' Nick Viner and Joseph Labetti walked through a framework for thinking about capital allocation in ESOP-owned companies. The session focused on a question that deserves more attention than it often receives: what is actually driving your company's stock price, and are you making intentional decisions about it?
Corey Rosen
But the poll also found that few people know much about the idea
A new poll from Expanding ESOPs shows that a large majority of Americans support the idea of employee ownership, while very few oppose it. Support is slightly higher among Democrats than Republicans. Working with the Bipartisan Policy Coalition (BPC), Expanding ESOPs hired polling firms (Public Opinion Strategies and Impact Research) to poll 1,000 registered voters.
Corey Rosen
On a party-line vote on March 17, the House Committee on Education and Workforce passed the ERISA Litigation Reform Act, a bill that would make it more difficult for plaintiffs to move through the early stages of ERISA lawsuits. The bill focuses on three areas:
Matthew Licina
As employee ownership trusts (EOTs) have grown in popularity in the US and abroad, the intersection and overlap between EOTs and steward ownership have become increasingly important. The post below presents a conversation between two EU-based figures, NCEO Fellow Graeme Nuttall and Maike Kauffmann of the Purpose Foundation, about the overlapping but distinct employee ownership and steward ownership models, and how it’s important to be clear when describing these separate but related initiatives.
Maria Lianos
In a recent NCEO webinar titled What's Driving Your ESOP Valuation?, Andy Manchir and Dan Roach of KSM walked through the forces shaping year-end 2025 ESOP valuations and what ESOP companies can do to better understand and anticipate their results. This blog post provides an overview of the presentation.
Corey Rosen
Employees in companies with ESOPs share the rewards of work through ownership, but most ESOP companies also share some of their annual profits with employees. My new paper "How ESOP Companies Share Profits with Employees," found in the Culture and Communications section of our Document Library (NCEO member login required), explores the many approaches ESOP companies use to do this.
