H.R. 4213, the American Workers, State and Business Relief Act, requires that companies seeking amortization relief for defined benefit pension plans must make a contribution to their defined benefit pension plan equal to the amount over $1 million paid to any employee per year.
A new study for the Employee-Owned S Corporations of America (ESCA) shows that S corporation ESOPs did far better than the average company in 2008 in terms of employment growth, health and retirement benefits, wages, wealth creation, and job creation.
A new blog (http://ownershipforall.wordpress.com/) provides an opportunity for people interested in legislation introduced by Senator Bernie Sanders of Vermont to promote employee ownership.
The Great Game of Business Meeting on open-book management will be held May 5-7. Readers of this update can get $100 off registration by registering online and entering the code "SPECIAL."
I don't normally spend much time in this column on more philosophical developments in employee ownership, but the recent convergence in the United Kingdom of all three parties around the idea of a dramatic increase in the use of this idea for privatizing social services is potentially a developme
There has been some debate in the ESOP community about whether companies can segregate employee accounts into cash at termination (but before distribution) or can rebalance employee accounts at the end of the plan year by moving cash and stock in the accounts around so that all participants have
A settlement has been reached between the former ESOP participants, the Department of Labor, and the defendants in Solis v. Couturier (Civ. 2:08-cv-02732-RRB-GGH, E.D. Ca., filed Mar. 10, 2010).
Through a painstaking process of checking individual company Web sites and corporate filings, the NCEO has compiled a list of the largest 1,800 U.S. companies that have broad-based equity plans.
In the last few months, the Conservative Party in the United Kingdom has called for privatization of health services into employee-owned companies, using the employee-owned John Lewis Partnership as a model.
ABC News ran a story on how Bob Moore "gave" his company, Bob's Red Mill, to its 200 employees (actually it was transferred through an ESOP, I presume at some price, albeit no doubt lower than what the company might have gotten on the market).
The Foundation for Enterprise Development (FED) has created a national program titled "Creating Wealth by Sharing WealthTM," open to graduate and undergraduate students.
