Durham Explores Employee Ownership

Writing in the Nonprofit Quarterly, Steve Dubb reports on effects by Durham, North Carolina, to preserve its businesses currently owned by African

DynCorp Sold

DynCorp, one of the 10 largest majority ESOP-owned companies, has agreed to be sold to CSC Corporation for just under $1 billion. DynCorp had revenues of $2.3 billion and 23,000 employees worldwide, providing defense, security, aerospace, and aviation services.

EBSA Head Preston Rutledge to Step Down

Pension & Investments is reporting that Preston Rutledge, the Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA), will be stepping down from his post in May.

Efficient Markets: My Own Definition

Over the last few decades, the dominant theory about a lot of the economy has been the so-called efficient market theory, which assumes that markets can operate in ways based on the simultaneous and well-informed calculations of numerous players, each making value-maximizing decisions.