Most employee ownership plans involve someone selling stock to an employee plan. Paul Merriman just gave it away. Merriman bought a tiny operation called HISCO, a Houston industrial supply company, in 1974 for $100,000.
Last September, we had the privilege of seeing Gina Schaefer, the founder of ESOP-owned A Few Cool Hardware Stores, deliver the keynote address at our 2023 Fall Forum in Houston.
This Thursday I'll be presenting to our friends in the Netherlands about how American ESOP and other employee-owned companies have fared during this pandemic.
A new study by Andersen (formerly Arthur Andersen) shows that 95% of 185 large US, UK, and Canadian multinational companies responding to a survey have some kind of employee share plan.
The Global Equity Organization, or GEO, is an international nonprofit membership organization that supports companies in creating, managing, and administrating quality stock plan programs.
Last March, Google exchanged more than 7.6 million employee-held options with exercise prices above $500 for options priced at $308.57. Three-quarters of Google's employees were affected. In exchange for a lower strike price, each agreed to a delayed vesting schedule.
Google will allow employees to sell their vested stock options through an arrangement with Morgan Stanley. Only non-executive employees will be given this choice (Google provides equity broadly to employees), and only shares issued since the IPO will be eligible.
