At the NCEO annual conference in April, keynote speaker Ed Lawler, the dean of organizational development scholars, said that he is particularly unenthused about "forced ranking" of employees, a practice made famous by Jack Welch at GE, where all employees had performance reviews and the bottom 1
In PLR 200205050, the IRS ruled that participation by employees of a foreign subsidiary in a U.S. company's ESOP did not disqualify the ESOP. It is common in ESOPs to exclude employees with no W-2 income, or non-resident aliens with no U.S. source income.
Piggly Wiggly was once a prominent South Carolina-based grocery and listed on the NCEO's list of largest employee-owned companies, but starting in 2013 its fortunes declined, and it has sold off most of its assets.
Forty-eight percent of the stock corporations on the Fortune 2019 Best 100 Companies to Work For have some kind of broad-based employee ownership plan. The percentage is just slightly less than what is has been in prior years.
The Foundation for Enterprise Development (FED) has created a national program titled "Creating Wealth by Sharing WealthTM," open to graduate and undergraduate students.
