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Several recent reports have noted that during the last decade, real total compensation (wages and benefits) have been stagnant while returns to capital have soared (remember the Dow in the 1980s and how analysts wondered if it could ever top 3,000?).

According to Karol Szadurski, head of UNIA, the Polish employee ownership support organization, there are now over 1,000 companies in Poland with broad employee ownership. Karol's fax to us did not indicate what percentage of these were majority employee owned.

Progress Through Business, a nonprofit organization, has launched a new website, Progress Daily, with daily updates on a number of topics connecting business with social welfare, including employee ownership.

Jared Bernstein, the former chief economic advisor to Joe Biden and an influential thinker among left-leaning policy makers, released a report on January 26 titled Employee Ownership, ESOPs, We

Hilary Abell and Alison Lingane, cofounders of employee ownership advocates Project Equity, have been named co-recipients of the Heinz Award.

Yesterday, Apple CEO Tim Cook wrote to Apple employees about a new plan, which he called a "stock ownership program," to more broadly provide restricted stock units (RSUs).

Todd Jones, who began his career at Publix Supermarkets 36 years ago as a store clerk, will become the company's CEO in April. Publix has consistently been ranked #1 on the NCEO list of majority employee-owned companies.

Prospects for employee ownership continue to look promising in China. As we have already reported, several local governments have been privatizing enterprises they own through employee ownership.

State legislation on employee ownership is gaining momentum, with bills passed in Colorado during 2021 and in Massachusetts and California during 2022.

U.S. Representatives Ron Kind (D-WI) and Jason Smith (R-MO) introduced the Promotion and Expansion of Private Employee Ownership Act, which will encourage the formation of employee-owned businesses and promote retirement savings through employee stock ownership plans in S corporations. Rep.