Business Valuation Resources in Portland, Oregon, estimates that the median sale price of a closely held company fell from $551,000 to $400,000 in 2008. Presumably, it is down even farther now. Median net sales fell from $1.03 million to $804,000.
Recently, I got a call from a financial advisor. His client was thinking of setting up an ESOP as a business transition tool for a $15 million company. The client had been approached by a New York investment banking company that quoted them a fee of three percent of the transaction.
The NCEO is cosponsoring a meeting on "Ownership Thinking" put on by NCEO board member Brad Hams in Denver. The meeting focuses on incentive plans, open-book management, and employee engagement.
Science Applications International Corporation (SAIC), once the second-largest majority employee-owned company in the U.S., has changed its stock structure to eliminate the 10-to-1 voting rights that preferred shares held by employees were given when the company went public three years ago.
On June 17, the Securities and Exchange Commission (SEC) issued a new rule allowing employees with vested stock options to use them as collateral to purchase call options on the same company's stock as a way to obtain some cash value for the shares they can exercise.
We have just started work on a book of things not to do in an ESOP. We'll be covering a whole range of bad choices, from the imprudent to the ill-considered to the illegal, in each case basing a general principle on one or more brief case histories (often anonymous).
Rutgers University's School of Management and Labor Relations (SMLR) announced that 11 top experts and up-and-coming scholars of employee ownership, profit sharing, and broad-based stock options have been awarded fellowships to study the role that shared capitalism plays in corporations and the e
Companies in the Employee Ownership Index (EOI) published by Field Fisher Waterhouse LLP have outperformed FTSE All-Share index companies each year by, on average, 10%. Over successive three-year periods they have outperformed by 41% and over successive five-year periods by 78%.
