The Office of Personnel Management (OPM) has proposed privatizing its Investigation Service office by transferring the operation to employees. The 700-employee service does background checks for security purposes.
Working at Windings did more than just feel like a family—I worked there with my sisters. It was literally my family. But I didn’t always have the privilege of going to work with my sisters at such a great company.
Five of the 15 winners of the Wall Street Journal and Winning Workplaces Best Small Workplaces Award in 2009 are employee ownership companies, and all five are NCEO members. Three have ESOPs. That means that 15 of the last 45 winners have been NCEO members.
The Department of Labor's opinion letter stating that a company had to count the spread on option exercises by hourly workers as wages subject to overtime pay has resulted in a predictable flurry of criticism.
An arbitrator ruled that a union agreement with Dyncorp Aerospace Technology did not require the company to pay out employees who were not both vested and had received a payout during the specified contractual term at a collectively bargained floor price.
The State of Florida has agreed to buy U.S. Sugar, a company partially owned by an ESOP, for $1.75 billion. Details of the deal will be worked out over the next several months.
