Performance-Based Options Not Excludable from Shareholder Votes

In letters to Goldman Sachs and Texas Instruments, the SEC has ruled that companies cannot exclude shareholder proposals to require that options be performance based as "ordinary business matters." The letters follow a trend from the SEC to require companies to allow votes on how option plans are

Personal Note on the NCEO Conference

If you were not able to join us last week for our sold-out conference in Pittsburgh, some of the highlights were the record-setting attendance, the buzz of the conversations in the common spaces, and the keynote address facilitated by Christopher Mackin and featuring Heather Braimbridge-Cox (Wind

Policy Whitepaper on Employee Ownership

A new policy paper, Expanding Employee Ownership: Toward a Stronger American Economy, builds the case for employee ownership and proposes three rarely explored policy options for creating more of it.

Political Prospects for Employee Ownership

The new Congress and Administration will be under increased pressure to reduce employee holdings of company stock in retirement plans. Many financial advisors have been urging such restrictions in the last several weeks.

Poll Shows Support for Employee Ownership Legislation

A new online survey of 800 respondents by John Zogby Strategies for Employee-Owned S Corporations of America (ESCA) found that 62% would like their own Congressional representatives to vote for a bill that is presently before both houses of Congress that would make it easier for owners of S corpo

PPP Funds Exhausted

Update April 22: Congressional leaders and the White House announced an agreement yesterday which would, among other things, nearly double the amount available through the Paycheck Protection Program (PPP) by adding $320 billion in funding.