Many businesses lose their special-status designation—such as minority-, women-, or veteran-owned businesses—when an ESOP becomes their majority owner, but different certifying agencies use different, and often complex, rules.
On May 9, shares of the metal fabrication company Mayville Engineering Company (MEC) began trading publicly on the New York Stock Exchange as company CEO Bob Camphuis rang the market's opening bell.
Wal-Mart has closed many of its small-footprint Wal-Mart Express stores, and Arkansas-based Harps Food Stores, a 100% employee-owned company, has announced that it will purchase nine of those locations.
On October 4, the shareholders of Country Curtains, 40% owned by its employees through an ESOP, voted to liquidate the company, following the recommendation of the company's board of directors.
Innovation has become the defining feature of successful companies in today's market. People often think about business innovation in terms of high-technology, but any company can be innovative in ways large and small.
Employee-owned brewery Full Sail Brewing was awarded the title of Craft Brewer of the Year by Beverage World Magazine. Full Sail CEO Irene Firmat, a keyno
Long-time ESOP company Reflexite, of Avon, Connecticut, announced yesterday that it had signed an agreement to merge with the German company ORAFOL Europe GmbH.
On February 2, the Beyster Institute at the University of San Diego will offer a half-day class designed to help CPAs work with clients interested in ESOPs. The program will cover the advantages of ESOPs and what makes them a good or bad fit for a company.
The New York/New Jersey Center for Employee Ownership at Rutgers will host its second annual employee ownership conference in New Brunswick, NJ, on October 26.
