New Chair of DNC and Employee Ownership

On February 25, the Democratic Party elected Thomas Perez as the chairman of the Democratic National Committee. Perez is the former Obama Administration Secretary of Labor, and in that role he testified about ESOPs in Congress, advocating for them as a way to make sure that "we all succeed when we all succeed," and calling ESOPs "a very effective way of helping people, whether it's the cashier at the grocery store or the owner of the grocery store, giving them the opportunity not only to build a nest egg but [to have] skin in the game." He convened a meeting the same day to discuss ESOP, with participants including academics, organized labor, attorneys, company representatives, and nonprofits, including the NCEO. A video of that testimony is available at our esopinfo.org website.