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.
In a February 28 Wall Street Journal article, Maureen Farrell reported that both Uber and Lyft plan to allow their most active drivers to participate in their initial public offerings (IPOs).
In Vigeant v. Meeks, participants in the Lifetouch ESOP are suing over the valuation of Lifetouch shares. On February 27, the Department of Labor filed a brief in support of the plaintiffs.
Another feature of the Main Street Employee Ownership Act is that the SBA now is to educate the public about worker cooperatives and ESOPs. Several local SBA offices have started host programs.
On February 11, the equity compensation services firm Solium announced that it would be acquired by Morgan Stanley for $1.1 Canadian dollars ($830 million USD).
Oregon Business referred to employee ownership as "the ultimate company benefit" in an article that profiles Swinerton Builders, Charter Mechanical Contractors, an
In an editorial in the New York Daily News, Jove Oliver, a member of the Council on Foreign Relations and a former director of the Clinton Global Initiative, writes that Democra
The leader of the Scottish Labour Party has called for more of an emphasis on employee ownership in Scotland, including giving workers a statutory preferential right to buy a company when it is put up for sale.
