Employee Ownership Blog

Today, the Business Roundtable issued a statement about acting on behalf of all of its stakeholders, rather than just shareholders. Missing from their thinking is a vital question: who are the shareholders? 

A judge in the Western District of Virginia ruled that the ESOP at Sentry Equipment had overpaid for shares.

In Lee v. Argent Trust, a district court dismissed a lawsuit challenging the valuation of shares purchased by the Choate Company ESOP.

In an August 11 article, CNBC.com described employee ownership as "one of the only policies that can directly deal with the economic reality that gains in the economy have largely gone to Americans with access to stocks. ESOPs help solve that discrepancy by not only distributing profits of private companies more equally amongst workers, but also giving them more control of the company in turn."

Love in the aisles at Publix Supermarket

The August 1 edition of Nihon Keizai Shimbun, the main business newspaper of Japan, included an op-ed supporting employee ownership.

Every year the NCEO releases the Employee Ownership 100, the 100 largest companies that are majority-owned by their employees.

Eugene Scalia, son of former Supreme Court Justice Antonin Scalia, has been nominated by President Trump to be the new Secretary of Labor.

Following controversy over his role in a plea bargain for Jeffrey Epstein, Secretary of Labor Alexander Acosta offered his resignation on July 12, and President Trump announced that Patrick Pizzella would become the acting secretary.

The St. Paul Area Chamber of Commerce is partnering with the Worker Ownership Initiative of Nexus Community Partners to support employee ownership conversions of local businesses. B.

Vanguard released its annual How America Saves 2019 report on the retirement behavior of American workers and employers that use its administration services.

On July 9, Connecticut Governor Lamont signed an omnibus bill that included a provision permitting architectural firms to have up to 100% of their shares owned directly by an ESOP.