ABC News ran a story on how Bob Moore "gave" his company, Bob's Red Mill, to its 200 employees (actually it was transferred through an ESOP, I presume at some price, albeit no doubt lower than what the company might have gotten on the market).
The Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University announced the latest scholars awarded fellowships to study employee ownership and related topics for the coming academic year.
Thanks to the efforts of the Foundation for Enterprise Development, the Beyster Institute at the Rady School of Management, Professor Joseph Blasi at Rutgers, and the Rutgers School of Management and Labor Relations, academic interest in employee ownership is finally coming of age after a long pe
Many employee ownership companies employ people who meet one or another definition of a low-wage worker. A new project is working to help employers make sure these employees can access the many benefits available to them, usually at no cost to the employer.
Most members of the International Accounting Standards Board favor an international standard that would require companies to show the cost of options as a charge against current income, much as the U.S. Financial Accounting Standards Board (FASB) proposed to do in the 1990s.
Resolving some ambiguity, the Financial Accounting Standards Board, in a meeting with top accounting firms, has clarified that the grant date for purposes of equity award valuations is not the date the board decides on the option, but the date the grant is communicated to employees.
In general legal advice memorandum (GLAM) AM 2012-010 (January 31, 2013), the IRS ruled that acquiring companies will generally not be eligible to take a tax deduction for the spread on stock options exercised pursuant to a change in control.
The Promotion and Expansion of Private Employee Ownership Act has been introduced in the House and the Senate. The bill is a revision of a proposal submitted in each Congress to encourage the growth of S corporation ESOPs. Both bills have bipartisan support.
