Find Your Resource

The best visions in ESOP companies don’t come just from the top down, but the bottom up as well.

The proposal by Sam Zell to use an ESOP to purchase the Tribune Company has now been accepted.

Perhaps the employee owners of Avis can now take their cars to the employee owners of Ziebart for rust-proofing. Actually, it's just the franchiser that's now employee owned, not the franchises themselves.

According to Associated Press stories on July 19 and July 23, new issues have arisen over the use of Employee Stock Option Appreciation Rights Securities (ESOARS) as a means to value employee stock options for company accounting purposes.

On May 8, Zions Bancorporation successfully completed its auction of Employee Stock Option Appreciation Rights Securities (ESOARS). ESOARS are traded securities meant to track the value of employee stock options the bank has issued. Employees had received options at a strike price of $83.25.

Facebook and Zynga have both announced that they will charge employees substantial fees to sell their shares on secondary markets that have developed to buy stock in private companies.

The OWN Health captive members recently came together for their first annual member meeting in Denver, CO, to discuss captive growth, stability, and performance. The common theme was the importance of connection—from connecting with fellow OWN members and leveraging peer group support to connecting with fellow ESOP companies to share how an ESOP captive could benefit their company.

The Canadian government’s proposed 2023 budget creates a framework for employee ownership through employee ownership trusts. The budget states:

Title 1 of the CARES Act directs the SBA to make certain loans to qualifying small businesses.

Annual elections for our board of directors will take place in January, and NCEO members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 8.