The new Conservative Party Manifesto calls for widespread employee ownership in social services in Britain, an idea that has also been endorsed by the Labour Party.
Robert Richter, vice-president of SunGard and senior vice-president of the American Society of Pension Professionals & Actuaries, has told the BNA Pension Reporter (April 20) that the IRS is considering providing preapproved plan language for ESOPs.
SharesPost, one of a number of new companies that provide a way for buyers to purchase stock or options from employees of closely held companies, has announced that it will now be working with registered brokers to help facilitate the transactions.
The NCEO is putting together a resource on innovative wellness and health insurance programs in employee ownership companies. If your company has a program like this, we would love (and need!) to hear from you.
The NCEO/Beyster Institute Annual Conference held earlier this month in Minneapolis had 814 attendees, just below the all-time record. Thanks to everyone who attended. Plan ahead for next year's meeting April 13-15 in Denver, with a preconference session on equity compensation on April 12.
Jefferson Decker, a lecturer in history and the Hertog Postdoctoral Fellow at Columbia University, has become the first Smiley Fellow in economic history.
Somehow, we passed the first 10 years of the 21st century without ever agreeing on what to call them (the "oughts" never caught on). Maybe a lot of people would just as soon forget them. Certainly, there were a lot of challenges for employee ownership.
French law requires that employees who own shares in public companies be allowed to elect one director if they own at least 3% of the stock. Partially privatized companies must reserve two or three board seats regardless of employee ownership.
The NCEO's most recent estimates for the number of ESOP and ESOP-like plans suggest there were 10,800 ESOP companies at the end of 2007, which is slightly lower than our earlier estimate for 2007 (11,000 companies).
