South Africa: Employee Ownership Distributions

The Clicks Group, an 8,000-employee South Africa-based retailer of health and wellness products across Africa, has announced that employees will receive a payout of $1.3 billion rand ($110 million dollars) as the first of one of two installment distributions of their employee stock ownership plan

Sovereign Bank Employees Sue Over ESOP

ESOPs are more common in the banking industry than any other, and that may not be such a good thing right now, at least for those banks heavily into subprime mortgages. Sovereign Bank is being sued by a group of employees over the company's ESOP and company stock in the 401(k) plan.

Special Employee Voting Rights End at SAIC

Science Applications International Corporation (SAIC), once the second-largest majority employee-owned company in the U.S., has changed its stock structure to eliminate the 10-to-1 voting rights that preferred shares held by employees were given when the company went public three years ago.

Special Update: Tax Reform's Impacts on Employee Ownership

Updated January 3, 2018 On December 22, President Trump signed the tax reform bill, making its provisions the law of the land. The law's accelerated timeline ensures that tax experts will uncover new implications of its many changes, especially to business taxation.