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As a family-owned business for more than a half century, the decision of who to sell to and how to sell Paramount Export was a weighty topic with lots of potential ramifications.

Radian Research in Lafayette, IN, is a 100% ESOPowned manufacturer of metrology products, primarily for the utility industry. Radian has been moving quicklyto a high-involvement management process, and we vasked Tim Everidge, Radian’s CEO, to describe it.

On Feb. 28, 2020, a consent order and judgment was entered by the U.S. District Court for the Southern District of Indiana in a lawsuit brought by the secretary of the U.S. Department of Labor (DOL) against The Farmers National Bank of Danville and Weddle Bros. Construction Co. Inc.

In April 1982 the NCEO held its first annual conference. We were just two years old and still figuring out how to be a self-sustaining, effective organization. We had no almost money, just two staff members, and had held only one small local event before. But how hard could it be?

Eliminating Fear of Conflict and Creating More Effective Work Teams

By a 29-21 party-line vote, the House Education and Labor Committee has passed H.R. 7310, the Protecting America’s Retirement Security Act.

In addition to the beneficial changes for employee ownership in the WORK Act we outlined in the previous newsletter, SECURE 2.0 makes many changes that will affect most ESOP plan sponsors and qualified plan sponsors in general.

January is goal-setting season for many, including companies examining what to prioritize for their businesses and company cultures.

As we have reported, on January 11, 2021, the 1,200 employees of Taylor Guitars learned through a video conference that the company had just been sold—to them, at no cost, through an ESOP.

In collaboration with the Beyster Institute at the Rady School of Management at UC San Diego, the NCEO recognizes employee-owned companies for a number of innovative practices that stem from the development of effective ownership cultures and highly engaged workforces of employee-owners.