Secretary of Labor Nominee's Book Mentions Employee Ownership

Andrew Puzder, who is nominated to be Secretary of Labor in the Trump Administration, "has left employee benefits practitioners scratching their heads about what to expect from the DOL's Employee Benefits Security Administration" in the words of Sean Forbes, a reporter for Bloomberg BNA. One clue to his position on equity compensation and employee ownership comes from a passage in his book, in which he writes that workers "may also have some means to obtain equity in their own company through some form of stock purchase plan, options and/or shares granted as a bonus, or as part of a retirement plan."