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Newsweek columnist Allan Sloan wrote in the May 7 issue that the use of an ESOP in the Tribune Company transaction is not what Congress had in mind.

Nine of the top 50 grocery chains are partly or majority employee-owned, according to a ranking from Progressive Grocer.

In Boise Cascade Corp. v. U.S. (9th Cir., No. 01-36086, 5/20/03), the Ninth Circuit Court of Appeals ruled that Boise Cascade could take a tax deduction for distributions of convertible preferred stock from the company's ESOP.

In Harris v. Amgen, No. 10-56014 (9th Cir. June 4, 2013), the Ninth Circuit Court of Appeals overruled a district court, which had relied on the presumption of prudence to dismiss a stock-drop case against Amgen.

In Johnson v. Couturier, Nos.

Following the lead of Colorado and Washington State, New Jersey appears to be mulling a potential state program for employee ownership.

Starbucks famously offers stock options to most of its employees, but its joint venture with India's Tata Teas will not offer stock options to its Indian employees, according to

This year, 7 of the 15 winners of the Wall Street Journal Winning Workplaces awards were employee ownership companies.

Employee ownership companies again comprised over half the stock corporations on the the Fortune 100 Best Companies to Work For list, including the No. 1 company, Google, which has a variety of broad-based plans, and nine ESOP companies. Nominations will close April 9 for the next list.

Annual elections for the NCEO board will be held in January. Board members meet in person once a year before the annual conference, in periodic call-in meetings, and on occasional ad hoc committees. They serve at their own expense.