Employee participation is thriving at some companies, however, as a recent conference demonstrated. The third annual "Great Game of Business" conference was held in St.
Employees of the IIT Research Institute have bought out the defense technology portion of the non-profit organization using an ESOP (employee stock ownership plan). The 1,700 employees now own 100% of the McLean, VA based company.
Microsoft now estimates that 10,000 of its current regular employees (Microsoft also employs a lot of contract workers) have options worth $1 million or more. Microsoft provides options to about 85% of its regular employees.
Eleven of the 35 finalists for the annual Winning Workplaces Awards are NCEO members. Ten of these have ESOPs. This continues a pattern in which NCEO members consistently account for about one-third of the finalists and winners of Winning Workplaces' Top Small Workplaces awards.
Barbados’s Minister of Agriculture and Food Security Indar Weir announced that more than 11,000 workers at the two state-owned sugar companies will become owners of 20% of the stock as the companies transition to private ownership.
According to a December 13 article in the Asia Times, reforms among state-owned enterprises in China aimed at increasing private capital have led 136 Chinese enterprises to experiment with em
Roughly 15% of the companies on the Inc. 5000 list of fastest growing private companies that responded to an Inc. magazine survey say that selling to an ESOP is a likely strategy for transferring ownership.
A new survey by Grant Thornton International finds that 18% of community banks have ESOPs. Seven percent offer stock options, but very few of these offer them to below the management level. ESOPs are more prevalent in community banks than in any other industry.
An index of publicly traded companies with more than 10% broad employee ownership outperformed all other market indexes for 1997, gaining 32.5% for the year compared to 31.0% for the S&P 500, 22.6% for the Dow, and 29.2% for the Russell 5000.
