Yahoo!'s purchase of Tumblr was a windfall for employees. News reports indicate that each of Tumblr's 178 employees will receive at least $371,000 from cashing in their equity rewards.
In November, the NCEO began gathering information on various preference standards, such as certifications as for small businesses or as women-, minority-, or veteran-owned businesses, with a focus on how and whether those standards consider employee ownership.
Around this time in late 2021, I wrote about the urgent need for DEI programs to address the myriad issues of racial and gender equity in the working world.
Qualcomm has settled a lawsuit with former employees whose division was sold to Ericsson. The employees contended that the terms of the sale failed to provide them with all the benefits their option plan had promised. The settlement will provide 840 employees with $11 million.
U.S. District Court Judge James Rosenbaum has indicated he might want to review the settlement between former UnitedHealth CEO William McGuire and the SEC and a special UnitedHealth litigation committee.
New data from Aon Consulting's Radford Surveys + Consulting shows that 48% of 103 companies that have conducted options exchanges since 2005 have used options for options exchanges, 36% options for stock (usually a form of restricted shares), 13% a options for cash, and 3% a combination.
ESOP-owned Brookshire Brothers, a retail food and pharmacy in Lufkin, Texas, sponsored a charity golf venture that raised $100,000 for nonprofit organizations in Angelina County, Texas.
When C.M Fisher founded Ramsey National Bank in 1892, his starting capital came from the sale of land that had increased in value when the Great Northern Railroad was constructed.
Congressman James Ramstad (R-MN) and Senator Donald Breaux (D-AL) have introduced legislation (HR 3082 and S 1732) designed to curb abuses of the S corporation ESOP law. The proposal builds on a similar bill that was in the tax bill President Clinton vetoed.
