A bipartisan bill in the Maryland Senate (SB 498) was introduced January 28 to eliminate capital gains taxes on the sale of a business to an ESOP, a qualifying employee benefit trust, or a direct share purchase p
In Harrison v. NetCentric Corp. (433 Mass 465, 2001), an employee and founder of NetCentric was forced to sell his unvested pre-IPO restricted stock back to the company when his employment was terminated.
Our last update noted that the Massachusetts legislature had approved a bill that would restore funding to the Massachusetts Office of Employee Involvement and Ownership (MassEIO). On July 17, Governor Charlie Baker (R) vetoed various parts of the budget, including the funding for the MassEIO.
Massachusetts House Bill 5007, “An Act relating to economic growth and relief for the Commonwealth,” has passed the Massachusetts House without dissent.
The Massachusetts House of Representatives voted to give initial approval to a bill that would require people who intend to sell their companies to notify employees that they are eligible to bid on the business.
Thanks to the efforts of Paul Mark and Julian Cyr, both representatives in the Massachusetts legislature, the budget passed by the legislature now includes funding for the Massachusetts Office of Employee Ownership and Involvement.
On April 2, the state of Massachusetts announced that it would restore funding for the Massachusetts Office of Employee Involvement and Ownership. The office will be staffed by two nonprofits, Working Wealth and the ICA Group.
A Kelley Services survey of 134,000 employees worldwide found that 61% of U.S. workers, 65% of Asia-Pacific workers, and 56% of European workers say that profit sharing or ownership would motivate them to perform at a higher level (the survey did not ask about these two separately).
A new worldwide study of 86,000 employees by Towers Perrin finds that only 14% of the respondents were highly engaged, defined as "the willingness and ability to contribute to the organization's success." In most counties, most employees were "moderately engaged," but a quarter or more were not e
