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Early this year, several employee-owners from ProAct visited another ESOP company, Restek Corporation, as part of an ongoing series of visits to employee-owned companies in an effort to learn from companies further along on their ownership culture journey and form relationships and connections that can serve both companies into the future. In fact, just a week after their visit at Restek, ProAct employee-owners Kate Johnson, Dani Green, and Kayse Diamond had already set up a call with their own HR team internally to discuss the insights they learned about with regard to Restek's onboarding strategy the week prior.

I know I’m mortal. So I started exploring my exit options in 1990, only seven years after I bought the company from its founder, JW McKinney.

One of the most contested and significant ESOP lawsuits in recent years was Perez v. GreatBanc Trust, which resulted in a $5.25 million settlement over the handling of the ESOP at Sierra Aluminum. This article gives some overlooked background about Sierra Aluminum's ESOP. 

Every mighty live oak tree you’ve ever seen started out as a tiny acorn hundreds of years ago. It didn’t take The Greenery centuries to grow from a humble Hilton Head Island–based landscaping firm to a successful employee-owned company in the Southeast. Rather, it has taken us only 50 years.

HIGHLIGHTS: ERISA supersedes state tax law

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HIGHLIGHTS: Supreme Court won’t hear challenge to extension of tolling in ESOP case 

HIGHLIGHTS: ● New DOL Fiduciary Settlement Agreement on ESOPs

Plaintiffs Lose Again in Johnson & Johnson Case: In Perrone v. Johnson & Johnson, No. 3:19-cv-00923, (D. N.J., Feb.