Employee Ownership Blog

Loren Rodgers

Six Ways to Get the Most from the April 16 Preconference Sessions

On April 16, the NCEO’s preconference sessions will give you a chance to dig in and make headway on one single employee ownership issue. You can go into more depth than in a conference sessions without devoting a whole workday. The preconference sessions are 2.5 hours, which is a quick way to get a block of continuing education credit, and each preconference includes an integrated set of presentations to move you from point A to point B, whether you are starting from scratch or are a “regular” at our conferences.

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Loren Rodgers

The NCEO Is Hiring a Director of Finance and Operations

The NCEO is seeking to hire a Director of Finance and Operations. The DFO is a new position, and it reports directly to the Executive Director. The DFO is responsible for the overall financial management of the organization and for managing and budgeting human resources, office management and general business operations. This is a regular, full-time exempt, at-will position. The DFO serves as an analytic partner for the Executive Director for finance, human resources and business operations.

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Corey Rosen

Aspen Institute Urges More Support for Employee Ownership

In its report "A Job Quality Agenda for the Next Administration," the Aspen Institute, a leading nonpartisan think tank, joined the Center for American Progress, Council of Economic Advisors member Jared Bernstein, and others to “Promote employee ownership and worker cooperative models, which have been shown to have a positive association with quality jobs, by offering technical assistance and access to appropriate financing to support transitions to employee ownership, as well as new business development that includes some form of employee ownership. Funds could be made available to state employee ownership centers, experienced nonprofit organizations, and interested Small Business Development Centers to raise awareness about different employee ownership models among small- to medium-sized businesses and to extend technical assistance and facilitate financing.”

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Corey Rosen

Fifty-Nine Percent of 2020 100 Best Companies to Work For Have Employee Ownership

Forty-six of the 78 companies that have stock on the recently released Fortune 100 Best Companies to Work For list for 2020 have some form of broad-based employee ownership plan, the highest percentage yet. Twenty-two of the companies on the list are law or accounting firms, nonprofits, or a consumer cooperative and have no stock for employees to own. This is the highest percentage yet on the list of such firms with no stock, but normally about half the companies on the list do have employee ownership plans.

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Corey Rosen

Billionaires Saw Wealth Increase by $1.3 Trillion in Pandemic

Based on data from Forbes calculated 11 months after the onset of the pandemic, the country’s 679 billionaires saw their wealth increase by $1.3 trillion since the official start of the pandemic in March 2020. That number is almost as much as the total asset value of the 14 million participant accounts in ESOPs, and one-fourth as much as the total assets in 401(k) plans. Looked at another way, if the increase on value had been evenly divided among the 164 million people in the workforce, it would come to almost $8,000 per worker. The combined wealth of the billionaires is now $4.3 trillion.

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