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Eugene Scalia, son of former Supreme Court Justice Antonin Scalia, has been nominated by President Trump to be the new Secretary of Labor.

This month the NCEO released its 2022 Executive Compensation report, which analyzes executive compensation in privately held ESOP companies based on 380 survey responses.

Many ESOP transactions require a fairness opinion. A transaction fairness opinion is an opinion as to whether the transaction, taken as a whole, is fair to all parties and reasonable from a financial point of view. A fairness opinion represents the judgment of an independent and experienced professional applying recognized principles of valuation about the fairness of the financial terms of a transaction.

ESOP company boards and ESOP trustees both have fiduciary obligations under ERISA to act in the best interests of employees as shareholders.

At the recent NCEO virtual conference, a variety of panels discussed financial issues and options in the current environment.

Why I Sold To My Employees

Selling In vs. Selling Out

Mike Shuey, Restek