Every company needs a plan for replacing the chief executive, even if the CEO does not have a plan yet. But what about succession planning for other key leaders and roles? More than one cohort of the NCEO’s CEO network dug into this topic last month.
A lawsuit by a group of employees unhappy with the United Airlines ESOP has been dismissed. In Sommersby v. State Street Bank, the plaintiffs contended that the wage concessions employees made were too large for the amount of stock they got.
The Rocky Mountain Employee Ownership Center (RMEOC), an organizational member of the NCEO, has been actively promoting employee ownership in Colorado.
In Amgen Inc. v. Harris, 577 U.S. ___, No. 15-278 (Jan. 25, 2016), the Supreme Court for the second time reversed the Ninth Circuit's decision on the prudence of continuing to hold employer stock in Amgen's 401(k) plan.
The Supreme Court may take up another employer stock case this year. It has asked the Solicitor General to prepare a brief in the case Tatum v. RJR Pension Inv.
After a long road through federal courts, a suit brought by participants in the Lehman Brothers ESOP was not granted a hearing by the U.S. Supreme Court.
The Supreme Court's decision that the Affordable Care Act is largely constitutional also affirmed a 3.8% capital gains surtax for certain taxpayers. Assuming Congress extends the current rate of 15%, set to expire on December 31, the capital gains tax rate for some taxpayers will rise to 18.8%.
In Preston v. Acosta, No. 17-1238 (U.S. June 25, 2018), the Supreme Court refused to hear a challenge to an 11th Circuit decision (Preston v. Acosta, Oct.
