Loren Rodgers
With the appointment of an experienced worker ownership professional, Hilary Abell, as the division chief of the Division of Employee Ownership, the federal government now has a full-time staff member dedicated to helping employers and employees learn about employee ownership.
Loren Rodgers
On April 30, 2024, Assistant Secretary of Labor Lisa M. Gomez spoke at the NCEO’s annual conference in Tampa, Florida. Assistant Secretary Gomez leads the Employee Benefits Security Administration (EBSA). As the head of EBSA, she is at the center of some of the most important decisions affecting ESOPs and employee ownership.
Loren Rodgers
On May 21, the Wall Street Journal reported that the alternative asset manager Blackstone would grant equity to the 18,000 employees at its portfolio company Copeland (alternative non-paywalled version at MSN). The Journal article states that under a new initiative Blackstone plans to announce this week, the practice of broad-based ownership interests for employees will apply “to all new deals going forward in which its private-equity business buys control of a company.”
Loren Rodgers
The NCEO is delighted to announce three new members of its board of directors: Daniel Goldstein, Howard Kaplan, and Kerry Siggins; their biographies are below. The three-year terms of the new directors will begin on April 1, 2024. Congratulations and thanks to our new directors!
Loren Rodgers
At the NCEO, we talk with a lot of people from a lot of creative companies. Here are two of the thought-provoking ideas we’ve heard in the last few weeks. Please borrow and adapt these ideas – and let us know what you do with them!
Loren Rodgers
The election for the NCEO’s board of directors opens on January 3 for three-year terms that begin on April 1, 2024. NCEO members in good standing will receive an email on January 3 with the subject line "Invitation to the ballot for the NCEO board elections," which will include a link to a confidential electronic ballot. Directors will be selected through this election and by appointment by the existing board. Balloting will end on January 19.
Loren Rodgers
When it comes to replacing the chief executive, every company knows it needs to make a plan, even if it doesn't have one yet. But what about succession planning for other key leaders and roles? More than one cohort of the NCEO’s CEO network dug into this topic last month. Rather than try to cover succession planning comprehensively, this blog post shares some of the thought-provoking ideas from those discussions.
Loren Rodgers
New research released on October 19, 2023 on employee ownership in the United Kingdom – the People Powered Growth Report – suggests the UK’s employee ownership sector is outperforming the UK’s national productivity while contributing to several measures of employee and community wellbeing. The report also notes that the number of employee-owned businesses in the UK increased by 30% over the last year.
Loren Rodgers
Artificial Intelligence will change how businesses operate, but is its impact any different in an employee-owned company? The CEOs of the ESOP companies that participate in the NCEO’s CEO network discussed opportunities and threats, and this blog post extracts a few highlights from their confidential conversations.
