Journal of Employee Ownership Law and Finance Back Issue Set

Volume 22, No. 1 (Winter 2010)

Current Practices in ESOP Company Corporate Governance

Loren Rodgers

A Methodology for Determining the Shareholder Value Created by a Sustainable ESOP Company

Peter C. Paquette

The 2009 Survey of Companies with ESPPs

Loren Rodgers

Volume 21, No. 4 (Fall 2009)

Embracing ESOP Diversification

Matt Keene and Pete Prodoehl; special commentary by David Ackerman, Lou Joseph, and Steve Martin

Economic Considerations for ESOP Valuation Updates

Adrian Loud

The 2009 NCEO Executive Compensation Survey

Loren Rodgers

Volume 21, No. 3 (Summer 2009)

Partial ESOP Terminations Present Unique Issues

Stephen D. Smith and Sarah D. Burt

ESOP Employer Stock Purchase Transaction Fairness Opinions

Malcolm ("Mike") R. Hartman

Twelve Bogus Reasons Not to Do an ESOP (and Seven Good Ones)

Corey Rosen

Repurchase Obligation Impact on Sponsor Company Share Value

Kelly ("Bucky") R. Wright

Addressing the Repurchase Obligation in Annual Valuation Updates

Dennis Locke and Wayne Fjeld

Section 409A Considerations Related to the Grant of ESOP Sponsor Company Employee Stock Options or SARs

Robert F. Reilly

Volume 21, No. 2 (Spring 2009)

ESOP and Related Plans Legal Update

David R. Johanson

The Nuts and Bolts of an Underwater Stock Option Exchange

Michael Duncan

Volume 21, No. 1 (Winter 2009)

Converting Terminated Participant Accounts to Other Investments

Anthony I. Mathews and Bradley E. Henschen

Using Securities to Acquire ESOP-Owned Companies: Growing a Company While Saving Cash in an Economic Slowdown

Bruce Dravis

Nine Steps to an ESOP Repurchase Liability Analysis

Kim Blaugher

Executive Compensation Programs in ESOP Companies and Their Impact on Value

Aziz El-Tahch and Michael Ricaurte

Swimming Through Underwater Stock Options: Strategies for Navigating Financial, Retention, and Motivation Obstacles

William Parsons and Diana Chase

Volume 20, No. 4 (Fall 2008)

The Current Credit Crisis and Its Implications for ESOP Companies

John L. Miscione

ESOP Lending in the Current Environment

James Steiker, Elisabeth Schutz, and Bill Vogelgesang

Economic Performance and Employee Ownership, Profit Sharing, and Stock Options: The NBER Study

Joseph Blasi and Douglas Kruse

Directors, Officers, and Fiduciary Liability Insurance for ESOP Companies

John D. Schlichte and Michael Wade

Equity Compensation and Ownership Behavior

Loren Rodgers

Response to Comments on "ESOP Marketability Discounts: Is the 'Put Option' Argument Fallacious?"

John D. Menke

Volume 20, No. 1 (Winter 2008)

A State-by-State Analysis of S Corporation Tax Treatment

Renee Lewis

Equity Interests in Limited Liability Corporations

Daniel N. Janich and Corey Rosen

Case Studies on Employee Ownership: A Review

Joseph R. Blasi and Douglas L. Kruse

Recent Litigation over Company Stock in 401(k) Plans

Corey Rosen

ESOP Considerations with Regard to SFAS No. 157 Fair Value Measurements

Robert Reilly

Volume 19, No. 4 (Fall 2007)

Reasonable Key Executive Compensation in Majority Employee-Owned Corporations

James G. Rabe

Designing an Equity Incentive Plan

Corey Rosen

Stock Option Grants to Investors in Pre-IPO Companies

Michael S. Melbinger and Laura A. McShane

The AICPA Statement on Standards for Valuation Services

Robert Reilly

Interview with Robert Beyster

Joseph Blasi

Volume 19, No. 3 (Summer 2007)

Equity Compensation Legal Update

Alisa J. Baker, Corey Rosen, and Christine Zwerling

Adjustments to Financial Statements for ESOP Contribution Expense

Chip Brown

A Technical Roadmap to Expense Allocation Under FAS 123(R)

Terry Adamson and Colin Donnelly

Reasonableness of Executive Compensation Economic Analysis Data Sources

Victoria A. Platt

Point of View: The ESOP Post-Transaction Price Drop: Is There a Better Way?

Chuck Morn

Volume 19, No. 2 (Spring 2007)

ESOP and Related Plans Legal Update

David R. Johanson

Effective Business Valuation Reports for ESOP Compliance and Controversy Purposes

Robert F. Reilly

Point of View: A Proposal for Addressing Contentious ESOP Valuation Matters

Eric R. Alexander

Volume 18, No. 4 (Fall 2006)

The ESOP Performance Puzzle in Public Companies

Robert Stretcher, Steve Henry, and Joseph Kavanaugh

Policy Note: Are Diversification and Employee Ownership Incompatible?

Joseph Blasi and Douglas Kruse

New 409A Guidance Extends Plan Amendment Deadline, Provides Other Relief

Richard Alpern

What Kind of Employee Involvement Matters?

Loren Rodgers

Effects of the ESOP Repurchase Obligation on Company Value

Dennis H. Locke and Wayne D. Fjeld

Ten Elements of the ESOP Business Valuation Assignment

Robert F. Reilly

Volume 18, No. 3 (Summer 2006)

The Impact of the Pension Protection Act of 2006 on ESOPs and 401(k) Plans

David Ackerman and Brian Hector

Criminal and Civil Charges Brought in Stock Option "Backdating" Schemes

Mary Powell and Alison Wright

Research Note: Employee Ownership in the 2002 General Social Survey

Joseph Blasi and Douglas Kruse

NCEO Survey Shows Most Companies Keeping Their ESPPs, with Few Changes

Pam Chernoff

Adjusting for Forfeitures Under FAS 123(R)

Barbara Baksa

Voluntary Programs Available to Correct Defects in Qualified Plans

Steven R. Lifson

Differences in ESOP Valuations of Big Businesses and Small Businesses

Robert Reilly

Volume 18, No. 1 (Winter 2006)

Using Convertible Preferred Stock in ESOP Transactions

Robert E. Massengill

Issues in Using Securities to Acquire ESOP-Owned Companies

Bruce Dravis

Planning for ESOP Repurchase Obligations

Judith L. Kornfeld

Underwater Stock Options and Repricing Strategy

Daniel N. Janich

What ESOP Appraisers Need to Know About Bankruptcy Valuation Services

Robert F. Reilly

Volume 17, No. 4 (Fall 2005)

Retirement Security and Wealth Accumulation in S ESOP Companies

Corey Rosen

The NCEO's 2005 ESOP Executive Compensation Survey

Corey Rosen

SFAS No. 142 Implications for ESOP Stock Valuations

Robert F. Reilly

The Effect of SFAS Nos. 141 and 142 on ESOP Stock Valuations

Robert F. Reilly

Volume 17, No. 3 (Summer 2005)

S Corporation ESOP Anti-Abuse Rules: The Impact of the IRS's New Temporary Regulations

David Ackerman, John A. Kober, and Elizabeth S. Perdue

ESOPs' Fables: Increased Scrutiny for Fiduciaries of Employee Stock Ownership Plans

Timothy R. Lee

Distributions from an ESOP in the Form of Employer Stock: An Unfortunate Trap for the Unwary

John D. Menke

Valuation Adjustments in ESOP Employer Stock Valuations

Robert F. Reilly

Procedures for Financial Advisors to Help ESOPs Avoid Overpaying in Acquisitions

Robert F. Reilly

Volume 17, No. 2 (Spring 2005)

Equity Compensation Legal Update

Alisa J. Baker and Corey Rosen

ESOP Legal Update

David R. Johanson

The Impact of FASB's New Equity Expensing Rules on Private Companies

Alisa McMillan

Volume 17, No. 1 (Winter 2005)

An ESOP Administration Primer

Anthony I. Mathews and Robert Conroy

Reasonableness of Compensation Analyses of Retained Owner/Managers in ESOP Stock Acquisitions

Robert F. Reilly

Beyond Senior Credit: Alternative Sources of Capital for ESOP Transactions

Mary Sullivan Josephs

Stock Options in Divorce

William Dunn and Donna Yip

Employee Ownership at United Airlines and
Southwest Airlines

Rosemary T. DeRiso

Volume 16, No. 4 (Fall 2004)

2004 Tax Law Makes Changes to ESOPs and Equity Compensation Plan Rules

Corey Rosen

New PLR Affirms Expanded Contribution Limits for Leveraged ESOPs and Other Plans

Roland M. Attenborough and Roland G. Thon

The Taxation of ESOP Distributions

Matt Keene and Peter Prodoehl

Nonleveraged ESOPs

Robert E. Massengill

Equity Alternatives for U.S. ESOP Companies with Non-U.S. Employees

Mary K. Samsa and Marla B. Anderson

Demystifying the Lattice Model

Thomas D. Miller

Volume 16, No. 3 (Summer 2004)

Valuing Options for the FASB's Proposed Expensing Rule:
A Sneak Preview

Marc S. Katsanis

Beyond the Numbers: Fiduciary Risks Become Credit Risks and Affect ESOP Lending

Mary Sullivan Josephs and Vaughn Gordy

Do You Need an ESOP Distribution Policy?

Rebecca L. Hoffman and Cindy A. Prodoehl

A New Study on Pre-IPO Discounts for Lack of Marketability

Robert F. Reilly

Recent Research on Valuation Adjustments for Voting Rights

Robert F. Reilly

Volume 16, No. 2 (Spring 2004)

ESOP Legal Update

David R. Johanson

Equity Compensation Legal Update

Corey Rosen and Alisa J. Baker

Shareholder Obligations of the ESOP Trustee

Brian Ippensen and Merri Ash

Volume 16, No. 1 (Winter 2004)

Sarbanes-Oxley: What It Means for Private Companies
and ESOPs

John W. Titus and B. David Joffe

Company Stock in 401(k) Plans: Trends and Prospects

Corey Rosen

How Will Expensing Affect Broad-Based Equity Awards?

Corey Rosen

A Tiered Approach to Equity Design with Multiple Equity Compensation Vehicles

Martin Staubus, Blair Jones, Daniel Janich, and Clare Hatfield

Direct Stock Purchases in Closely Held Companies

David R. Johanson

Enhancing the Value of Qualified Replacement Property with
a Limited Liability Company

Roland M. Attenborough and Roland G. Thon

Creating Equity-Equivalent Plans in Nonprofits

Corey Rosen

Volume 15, No. 4 (Fall 2003)

Expensing Stock Options: What Are the Markets Saying?

Ashish Garg and William T. Wilson

An Update on Multi-Stage ESOP Transactions

Victor N. Alam, Gregory K. Brown, and David R. Johanson

Recent Litigation over Company Stock in 401(k) Plans

Corey Rosen

Converting a 401(k) Plan to an ESOP and Creating a KSOP

David R. Johanson

Volume 15, No. 2 (Spring 2003)

ESOP Legal Update

David R. Johanson

Stock Options Legal Update

Corey Rosen, William R. Pomierski, and William J. Quinlan, Jr.

Volume 14, No. 4 (Fall 2002)

Designing and Drafting ESOPs

Kevin G. Long

State Securities Law Considerations for Stock Option and Stock Purchase Plans

Matthew Topham

Research Evidence on the Prevalence and Effects of Employee Ownership

Douglas Kruse

Post-Enron Issues for Stock Options

Alisa J. Baker

Volume 14, No. 3 (Summer 2002)

ESOP Legal Update

David R. Johanson, with Laurence A. Goldberg, Helen H. Morrison, and Susan Peters Schaefer

Stock Options Legal Update

Corey Rosen

Chao v. Hall Holding Company, Inc.: The Sixth Circuit Weighs in on the Adequate Consideration Requirement

Anne Marie La Bue

Rule 701: Its Parameters and Nuances

Kirk F. Maldonado

Remedies for Retaliatory Termination of ESOP Committee Members

Gregory K. Brown and Gary W. Howell

Volume 14, No. 2 (Spring 2002)

Enron, 401(k) Plans, and the Future of Employee Ownership

Corey Rosen

SEC Adopts New Disclosure Rules for Equity Incentive Plans

Louis C. Taormina and Michael A. Thompson

Protecting ESOP Participants Against Dilution When New Debt Is Incurred to Finance the Purchase of Additional Shares

David Ackerman

Voluntary Programs Available to Correct Defects in Qualified Plans

Steven R. Lifson

Privatization: Ownership for the Classes or the Masses?

Dan Bell

Volume 13, No. 2 (Spring 2001)

2000 ESOP Legal Update

Laurence A. Goldberg, David R. Johanson, Susan Peters Schaefer, and
Helen H. Morrison

Recent Developments in Employee Stock Plan Legislation Outside the U.S.

June Anne Burke and Piia Pilv

China Looking to Employee Ownership as Potential Cornerstone of Economic Reform

Martin Staubus and Corey Rosen

European Equity Crossing the Atlantic: How to Give It a Proper American Welcome

Simon G. Zinger

Bofors: A Case Study of an ESOP Sale

Corey Rosen

The New, New, New Thing: Business Models and Employee Ownership After the Dot-Com Crash

Martin Staubus

Stock Options as a Driver for More Committed Employees

Lori Holsinger

Volume 12, No. 4 (Fall 2000)

A Practical Framework for Converting a 401(k) Plan to an ESOP and Creating a KSOP

David R. Johanson

Fiduciary Perils of the ESOP Gift Mentality

Anne Marie La Bue

IRS Expands Its Programs Available to Correct Defects in Qualified Plans

Steven R. Lifson

Employee Involvement in Companies with Broad-Based Stock Option Programs

Ed Carberry

Volume 12, No. 3 (Summer 2000)

Filing Form 5500 in Small Companies

Dorothy E. Mathews and Renee M. Yahr

ESOP Fiduciary Committees

Dina Schlossberg and James Steiker

ESOP Forum: What Steps Can a Company Take to Stay Employee Owned?

Ronald J. Gilbert, Deborah Groban Olson, Anthony Mathews,
David C. Light, and Richard C. May

Extending U.S. ESOPs to Foreign Employees

Helen H. Morrison and Joseph S. Adams

Broad-Based Stock Options and Company Performance: What the Research Tells Us

Joseph Blasi, Douglas Kruse, James Sesil, and Maya Kroumova

Volume 12, No. 2 (Spring 2000)

1999 Legal Update

David R. Johanson, Jeffrey F. Krenzel, and Susan Peters Schaeffer

FASB Releases New Guidance for Stock Option Accounting

Thomas M. Haines

Shifting Control in an ESOP Context

David R. Johanson and Gregory E. Kniesel

Trends in Broad-Based Stock Option Plans

Steven Sabow and Erin Milligan

Modeling ESOP Company Management for Better Operations and Profits

Jacquelyn S. Yates

Volume 11, No. 2 (Spring 1999)

1998 Legal Update

David R. Johanson, Ronald L. Ludwig, and Helen H. Morrison

State Use of JTPA Funds for Preliminary ESOP Feasibility Studies

John Logue, Richard Glass, and John Grummel

IRS Programs for Correcting Qualification Failures

Jeffrey F. Krenzel

The ACS Employee Ownership Index Update

Lisa M. Hollod

Designing a Broad-Based Stock Option Plan

Corey Rosen

Evergreen Provisions for Stock Option Plans

Thomas LaWer

Communicating Stock Options

Ed Carberry

Volume 10, No. 4 (Fall 1998)

Wealth and Income Consequences of Employee Ownership: A Comparative Study from Washington State

Peter A. Kardas, Adria L. Scharf, and Jim Keogh

Seller-Financed ESOPs and Leveraged QRP Transactions

Bruce F. Bickley and James G. Steiker

Editorial Roundtable: A Baker's Dozen of Technical Questions

Members of the Journal editorial board and associates from Principal Financial Group

The Parametrix ESOP Committee

Douglas S. Crummey

The Repurchase Obligation and Company Value: How ESOPs Can Long Endure

Tim Jochim

Marketability Discounts and ESOP Acquisitions of Minority Share Interests

Andrew S. Kubersky

The ACS Employee Ownership Index Update

Lisa M. Hollod

Performance-Based Stock Options

Arthur S. Meyers

Handling Death, Divorce, and Leaves of Absence Under a Stock Option Plan

Arthur S. Meyers

The State of Employee Ownership in Russia

Sergey Mitsek

Volume 10, No. 3 (Summer 1998)

Qualified Domestic Relations Orders and ESOPs

Karen D. Ng

Pass-Through of Proxy and Tender Decisions: New Guidance from the NationsBank Case

Donald J. Myers and Michael B. Richman

S Corporation ESOPs and Liberty Check Printers, Part II

Stephen D. Smith, Robert E. Stiles, Kim S. Abello, and Paul Annett

The Economics of ESOPs for S Corporations

Richard A. Schlueter

IRS Audit Guidelines for ESOPs and Some Suggestions for Approaching an IRS/DOL Audit

E. Van Olson

Breaking Down the Barriers to ESOP Communications

Peter Prodoehl

The ACS Employee Ownership Index Update

Lisa M. Hollod

Duties of the Stock Option Plan Administrator

Michael Brody and Carine Schneider

Preparing for an Initial Public Offering

Mark A. Borges

Stock Option Repricings

Roger D. Stern

Communicating Stock Plans to Employees

Sandy Miller

Volume 9, No. 2 (Spring 1997)

1996 Employee Ownership Case Law

David R. Johanson, Ronald L. Ludwig, and Helen H. Morrison

1996 Employee Ownership Regulatory Law

David R. Johanson, Ronald L. Ludwig, and Helen H. Morrison

Employee Stock Ownership Outside an ESOP

Brian B. Snarr

Administering an Employee Stock Option Plan

Mark A. Borges

Valuing Stock Options

Susan E. Thompson

Accounting for Stock-Based Compensation

Alan A. Nadel, Benjamin S. Neuhausen, and Gregory M. Kopp

The 1996-97 NCEO Stock Option Survey

Ryan Weeden

Phantom Stock

Brian B. Snarr

Rethinking Employee Stock Option Costs

William H. Scott, Jr.

The ACS Employee Ownership Index

Angela Lipscomb Atherton

Volume 7, No. 2 (Spring 1995)

1994 Employee Ownership Case Law

David R. Johanson and Ronald L. Ludwig

1994 Employee Ownership Regulatory Law

David R. Johanson and Scott S. Rodrick

Are You Shark Bait? Some Practical Tips on How Not to Be Part of Next Year's Case Law Update

Gary C. Nawa

Representative Structures in Employee-Owned Firms

Christopher Mackin

What the Republican Takeover Means for ESOPs

J. Michael Keeling

A View from Washington: The Past and Future of ESOPs

J. Michael Keeling

The ACS Employee Ownership Index Update

Angela Lipscomb

A Tale of the True North: The Evolution of ESOPs in Canada

Julia Markus

Volume 6, No. 1 (Winter 1994)

The ESOP Administrator in a World Filled with Other Plans

Anthony Mathews, BSI

Combining ESOPs and 401(k) Plans

Kenneth W. Lindberg

Supplementing ESOPs with Stock-Based Compensation Programs

John E. (Jack) Curtis, Jr., and Helen H. Morrison

COLI and ESOPs: A Tax-advantaged Approach to Funding Repurchase Obligations

Judith L. Kornfeld

Using ESOPs to Fund Retiree Health Benefits

Allen T. Steinberg

Volume 5, No. 1 (Winter 1993)

Supervisor-Subordinate Relations in the 100% ESOP Firm

Geoffrey Moss

From Obstacles to Catalysts: Redefining the Role of Employee Owner Supervisors

Jim Bado and Dan Bell

Recent Changes or Proposed Changes Covering the Accounting by Plan Sponsors of ESOP Transactions

Rebecca J. Miller

Mature ESOPs in Crisis or Transition

Anthony M. Vienna

Text of 1992 Russian Privatization Law: Sections Relevant to Employee Ownership and Employee Buyouts

Volume 4, No. 4 (Fall 1992)

The ESOP's Role in Financial Restructuring Transactions

Michael Kramer

A View of Employee Owned Companies from the Perspective of the Lender or Investor

Alan Prosswinner, Peter A Wuebel, and Kenneth Winslow

Using Eminent Domain to Facilitate Employee Ownership

David Schultz

Reinvestment Strategies for the ESOP Tax-Free Rollover

Michael A. Coffey

Considerations for Initial Public Offerings Involving Employee Stock Ownership Plans

Ronald J. Gilbert

What Role Should Employee Ownership Play in Russian and Eastern European Privatization?

Joseph Blasi

Employee Ownership Index

Volume 4, No. 2 (Spring 1992)

Special Case Law Issue

An Overview of ESOP Case Law

Corey Rosen

ESOPs as a Takeover Defense: The Lessons of Polaroid and NCR

Anita T. Molano and Troy M. Calkins

ESOP Case Law: Fiduciary and Corporate Sponsor Concerns:
   Index to Cases (Order Appearing)
   Index to Cases (Alphabetical Order)
   ESOP Case Summaries
   Valuation and Fair Market Value
   ESOP in Hostile Takeover Attempts
   Management of Assets and Investments in Employer Securities
   Other Trustee Actions
   Miscellaneous ESOP Cases

Ronald S. Rizzo, Douglas R. McClintock, Robert P. Hardy, Sarah Heck Griffin, Louis A. Paone, Donna J. Walker, and NCEO Staff

Worker Cooperatives and Court Interpretation of Subchapter T

Clark Arrington and Greg Shaw

Volume 3, No. 3 (Summer 1991)

Non-ESOP Employee Ownership Alternatives

Sue Steiner

Worker Cooperatives

David R. Simon

The Profit Sharing Plan Alternative

Marilyn H. Marchetti

Stock Option and Stock Purchase Plans

Charles R. Smith and Richard E. Wood

Employee Ownership in Small Business

Greg Shaw

The New Owners

Joseph R. Blasi and Douglas L. Kruse

NCR's Takeover Defense ESOP

Darien McWhirter

Volume 2, No. 2 (Spring 1990)

Financial ESOPs: Regulatory Considerations

Bob L. Sellers

Financial Institution ESOPs

John S. Seabold

Equity-Neutral ESOPs for Financial Institutions

Jack W. Berka

The ESOP Rollover and the Investment Decision

James H. Willis

Guest Editorial: Practitioner Conduct: The Need for Open Debate

John Hoffmire

Volume 2, No. 1 (Winter 1990)

A Primer on Leveraged ESOPs

Corey Rosen

The Record of ESOP Leveraged Buyouts

Chong Park

ESOP Financing

Robert W. Smiley, Jr.

The Role of the Financial Advisor in Multi-Investor Leveraged ESOP Transactions

Roger Neece

Valuation Issues in Leveraged ESOPs

Richard C. May, Robert MacDonald, and Bradley Van Horn

Volume 1, No. 1 (Fall 1989)

The Role of Convertible Preferred Stock in Public Company ESOP Transactions

Chester A. Gougis

Combining ESOPs and 401(k) Plans

Kenneth W. Lindberg

ESOPs as a Takeover Defense Strategy

Jack Curtis

ESOPs and Corporate Control

Lilli Gordon and John Pound

Usage of ESOPs in Public Companies

Gianna Durso

Employee Stock Ownership Plans in Public Companies

Michael A. Conte

The Public Market for ESOP Notes

Jennifer Hourihan