The NCEO is cosponsoring a meeting on "Ownership Thinking" put on by NCEO board member Brad Hams in Denver. The meeting focuses on incentive plans, open-book management, and employee engagement.
Ownership Works is a new nonprofit funded by $50 million in donations from Pete Stavros, a partner at the investment firm KKR, and 60 other organizations.
Oxfam, a nonprofit focusing on hunger and other poverty-rated issues, issued a report that includes a number of recommendations, one of which is “providing financial support to employee-owned businesses, including worker cooperatives.
The Saïd School of Business at Oxford has announced a new award for employee ownership companies. The Owl Award recognizes job creation and companies that are 20% or more employee-owned are eligible.
On September 5, the Pennsylvania Center for Employee Ownership (PaCEO), in conjunction with the Pittsburgh City Council and the Heinz Endowments, launched the U.S.’s first citywide task force on employee ownership.
The new Benazir Employees Stock Option Scheme in Pakistan will provide employees with 12% of the government-owned shares in 80 state-owned enterprises at no cost to the employees.
Pam Chernoff, who has worked for the NCEO developing equity compensation programs since 2003, has taken a new position at the Certified Equity Professional Institute (CEPI). One of her main projects at the NCEO was the prep course for the CEP exam.
Parsons Corporation, a 100% ESOP-owned engineering company with 16,000 employees, has set the terms for its IPO. The ESOP will continue to own 80.8% of the shares. The offering is expected to raise over $500 million.
