The CEO of employee-owned ArcherPoint, Greg Kaupp, tells his company's ESOP story on the Cleveland-area station WJCU. The interview also features NCEO founder Corey Rosen, who discusses how ESOPs affect companies, owners, employees, and the economy.
Forbes magazine's list of the largest privately held companies (ranked by revenue) includes 10 companies that have some degree of employee ownership, including 6 that are majority-owned by their employees. Retail, especially supermarkets, is the most common industry.
Tracy King, vice president of governmental affairs of the Missouri Chamber of Commerce and Industry, believes that "When you sell it to your employees you see more growth than a regular business." The chamber saw the experience of Burns & McDowell, which created an ESOP to buy the company whe
On February 25, China's Xinhua news agency announced 10 steps the government is taking to continue its reform of state-owned enterprises, one of which is to encourage employee stock ownership. As of late last year, China had just over 100 public companies with stock ownership plans.
Currently, under Rule 701 of the Securities Act, companies can offer employees stock to purchase as part of compensatory benefit plans for up to $5 million or 15% of the total stock, whichever is less, during a 12-month period.
Among the ESOP companies she studied through 30 executive interviews and survey research, researcher Suzanne Cromlish of Case Western Reserve University found that the ESOP companies tended to accelerate their acquisition activity following 2011.
Santa Clara University's Certified Equity Professional Institute (CEPI) and the Silicon Valley chapter of the National Association of Stock Plan Professionals (NASPP) will host their
The Beyster Institute at UC San Diego will offer an online training course to familiarize bankers with the key aspects they need to work effectively with clients considering an ESOP.
Santa Clara University's Certified Equity Professional Institute (CEPI) released a draft of its newest publication on guidance, procedures, and systems (GPS) for stock options and invites comments.
