Employee Ownership Blog

Last week, the Senate Finance Committee released several reports, and the one on savings and investment mentions ESOPs.

The SEC announced that it is investigating several transactions where investment firms have traded derivatives in hot pre-IPO companies that are based on employees and investors selling rights to appreciation in their equity.

On July 3, the United Kingdom celebrated Employee Ownership Day.

The Circuit Court for the Second District of New York continues to be a tough place to plead a stock drop case. In May in In re Citigroup, it ruled that the heightened pleading standards under the Fifth Third Bancorp v.

The NCEO's founder, Corey Rosen, published a detailed review of the evidence on ESOPs as a retirement plan in the June 22, 2015, issue of Tax Notes. The article was in response to a prior article arguing that ESOPs needed major reform to be part of the retirement system.

The NCEO updated its logo. We hope you like it! If you find any examples of our old logo on our site, please let us know.

In June the IRS announced that it will allow prototype and volume submitter ESOP plan documents.

On June 25, the Australian Senate passed the Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015, designed to encourage equity compensation plans

Inc. magazine today published a post by Corey Rosen, A Belated Graduation Speech to Baby Boomer Business Owners. It starts:

In Harris v. Amgen, Inc., remanded to the Ninth Circuit Court of Appeals by the Supreme Court following its decision in Dudenhoeffer, the Ninth Circuit said that the fiduciaries should have removed Amgen stock as an investment option in the company's 401(k) plan.

In what could be a model for others, a Pennsylvania nonprofit organization has developed an innovative structure that incorporates employee ownership.

The Hamilton Project released the report Building on What Works: A Proposal to Modernize Retirement Savings by John Friedman of Brown University.