Employee Ownership Blog

On March 28, the Department of Labor sued Wilmington Trust N.A., alleging that it relied on a flawed valuation in a $46 million ESOP transaction involving Stargate Apparel Inc. and Rivstar Apparel Inc.

Forbes writers Jim Ludema and Amber Johnson wrapped up their series on creativity and innovation at work with an article about Crafts T

The current edition of the NCEO newsletter is now available online for members.

The Beyster Institute at the Rady School of Management at the University of California, San Diego, announced that its new executive director would be Kim Blaugher. Blaugher has more than 30 years of experience as a CPA and consultant in the ESOP field. Rady School Dean Robert S.

Bills in each house of the Texas legislature would provide the most comprehensive state effort yet on employee ownership.

On March 7, Reuters reported that employee-owned Parsons is planning an initial public offering.

In 2018, the NCEO hosted a record-setting conference, expanded its outreach, and hired some new people.

In February 26, the City Council of Berkeley, California, voted to support the development of worker cooperatives. The ordinance gives cooperatives a preference in securing city contracts, expands the small-business loan fund to cover cooperatives, and provides technical assistance.

In his state of the city address on March 12, Newark mayor Ras Baraka made employee ownership a centerpiece of his economic policy. Baraka said, "We are encouraging employee ownership, and residential- and worker-owned cooperatives.

South Africa's main opposition party, the Democratic Alliance, has stated in its party manifesto that if elected it will promote a "ground-up" policy to promote broad employee share ownership. The ruling ANC has already stated that employee ownership will be a key agenda item for it.

The Nebraska legislature passed a bill, LB 49, that would authorize the ownership of public accounting firms by ESOPs. The ESOP could own up to 49% of the firm.

Forty-eight percent of the stock corporations on the Fortune 2019 Best 100 Companies to Work For have some kind of broad-based employee ownership plan. The percentage is just slightly less than what is has been in prior years.