On April 27, the Senate confirmed Alexander Acosta as the new Secretary of Labor, following a 100-day vacancy. Little is known about Secretary Acosta's views on employee ownership or ESOPs, but quick action is unlikely.
In the book How Did Employee Ownership Firms Weather the Last Two Recessions?, co-authors Fidan Kurtulus and Douglas Kruse explore new data about job stability at employee ownership companies during the Great Recession. Dr.
When potential acquirers express a serious interest that is hard to say no to, the next step is often to perform a due diligence assessment. That is a demanding and costly process for the CFO and other managers at an ESOP company.
Pennsylvania Representative Daryl Metcalfe (R-Butler County) and Senator Stewart Greenleaf (R-Montgomery County) have created joint legislation to mirror federal law as it applies to the deferral of capital gains taxation for sales of C corporation stock to an ESOP (the "1042 election").
On April 20, Harvard economist Richard Freeman spoke with the NPR show Marketplace, where he discusses why increasing automation means that more people should become employee-owners.
The Beyster Institute (part of the University of California, San Diego) has a job posting for an ESOP consultant to join its employee ownership consulting group.
The prior Update included some highlights from the NCEO's ESOP Executive Compensation Survey, which collects and presents some of the only data on executive compensation specific to ESOP companies.
In Tech Companies Are Shutting Employees Out of the Stock Market's Boom on the Fortune magazine website, Joseph Blasi observes that "the percentage of employees with equity stakes in innovative industries, such as comp
