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ESOPs are more common in the banking industry than any other, and that may not be such a good thing right now, at least for those banks heavily into subprime mortgages. Sovereign Bank is being sued by a group of employees over the company's ESOP and company stock in the 401(k) plan.

A new round of "stock drop" lawsuits has been filed in the wake of the implosion of leading financial institutions on Wall Street and elsewhere.

Science Applications International Corporation (SAIC), once the second-largest majority employee-owned company in the U.S., has changed its stock structure to eliminate the 10-to-1 voting rights that preferred shares held by employees were given when the company went public three years ago.

Jack Stack has arguably been the most influential employee ownership company executive of the past 30 years.

Science Applications International Corporation (SAIC) is arguably the most influential employee-owned company in the world. The SAIC Solution: How We Built an $8 Billion Employee-Owned Technology Company, a new book by J.

Updated January 3, 2018 On December 22, President Trump signed the tax reform bill, making its provisions the law of the land. The law's accelerated timeline ensures that tax experts will uncover new implications of its many changes, especially to business taxation.

NCEO staff members are gradually contacting members, asking for their help in placing articles and speakers with trade associations.

The class action lawsuit against trustees of the Sprint Corporation's 401(k) plan was one of the largest "stock-drop" lawsuits to date. It has now been settled out of court for a relatively modest $25 million. Each class member will get $63 in cash.

The St. Paul Area Chamber of Commerce is partnering with the Worker Ownership Initiative of Nexus Community Partners to support employee ownership conversions of local businesses. B.

Jack Stack, CEO of Springfield ReManufacturing Corporation (SRC) and author of The Great Game of Business, told an 800-person audience at the fifth annual "Gathering of the Games" conference (a meeting on open-book management) that sharing ownership broadly with employees was the key to making op