European Employee Ownership Rebounds

The European Federation of Employed Shareholders (EFES) reported on March 8 that 2017 "was a new record year for employee share ownership in Europe, with nearly €400 billion [$500 USD] held by employees in their company or 3.2%."

ESOP-Owned Lifetouch Being Sued

The Minneapolis Star Tribune reported today that an ESOP participant is suing the company and seeking class-action status.

Greensboro Mayor Welcomes Publix

Publix Supermarkets, number 1 on the NCEO's list of the 100 largest employee-owned companies in the US, is considering opening a distribution center in Greensboro, North Carolina, and the mayor hopes they do.

Be Our 1,000th Speaker?

In 2012, the NCEO started keeping a database of all the people who have spoken at one of our in-person or online events, and that list now includes 998 people, from Abbott to Zorn.

DOL Enters Into New Settlement Agreement on ESOPs

The Department of Labor entered into a new settlement agreement with an ESOP fiduciary, in this case Alpha Investment Consulting Group. The settlement arises out of a case alleging improper valuation and loan terms in the case of Acosta v.

Employee Ownership Bill Introduced in Maine

LD 1338, "An Act To Create and Sustain Jobs through Development of Cooperatives and Employee-owned Businesses," has been introduced in the Maine legislature.

South Africa: Employee Ownership Distributions

The Clicks Group, an 8,000-employee South Africa-based retailer of health and wellness products across Africa, has announced that employees will receive a payout of $1.3 billion rand ($110 million dollars) as the first of one of two installment distributions of their employee stock ownership plan

Appvion to Be Sold

ESOP-owned paper company Appvion, under Chapter 11 bankruptcy protection since October, announced on February 8 tha