After several years of progress on drastically improving their communications, ownership culture initiatives, and getting the direct involvement of frontline employees in this process, ESOP-owned Acuity Healthcare was hit with their biggest challenge yet.
The tax provisions of the Biden administration’s American Families Plan would provide a substantial, if unintentional, boost to employee stock ownership plans (ESOPs).
There are many paths to becoming an employee-owned company, but one of the most common is also one of the least talked about: companies becoming employee-owned by being acquired by a company that already is employee-owned.
One of the trickiest issues for ESOP companies with strong cultures is how to determine if people from outside the company being considered for leadership positions will fit well into the company’s culture.
In these challenging times, it can be difficult and, at times, even scary for many managers or leaders to communicate economic realities to those they serve and supervise.
New research performed for the NCEO for our forthcoming book Banks as ESOP Sponsors finds that banks with ESOPs outperform banks without them. The research was done by Jay Wilson and Andrew Gibbs of Mercer Capital.
