WeWork Spinoff Conductor Becomes Employee-Owned

The troubled firm WeWork bought the SEO and content marketing company Conductor in 2018 for $120 million. After WeWork announced it would spin off Conductor, the company's founder Seth Besmertnik reported that he—and all 250 of his coworkers—would be the new owners.

What Does It Mean to Achieve in 2021?

Every year around this time, I get excited about our Fall ESOP Forum, taking place this year from September 22 to 24 online.

What Does the Presidential Election Mean for Employee Ownership?

One of the few clear implications of last week's election is that the character and policy agendas of both parties will inevitably change. Many traditional core principles of the Republican Party establishment do not bind president-elect Trump, who strongly identifies as a change candidate.

What Does the Sale of New Belgium Brewing Mean for Employee Ownership?

Employees are expected to vote soon to approve the sale of New Belgium Brewing (maker of Fat Tire beer and other brands), the fourth-largest craft brewery in the U.S. and the largest ESOP-owned craft brewery, to Lion Little World Beverages, a subsidiary of the Japanese beverage giant Kirin.

What If Amazon Shared Ownership the Way Sears Did?

For those of a certain age (like me), Sears was the Amazon of its day. You could get almost anything but food in a Sears catalogue, and its stores were ubiquitous. My first house in the San Francisco Bay area was built in 1906 with plans from Sears. Early in his life my dad sold shoes for Sears.

What Makes for a Good Business Forecast?

The Department of Labor has made it clear in its various process agreements with ESOP fiduciaries that it wants ESOP companies to be more prudent in how they prepare forecasts for appraisals.
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What Should an ESOP Board Compensation Committee Do?

Fifty-seven percent of ESOP company boards have a compensation committee, increasingly made up in part or entirely by outside directors. What should these committees be doing to make sure compensation is handled appropriately?
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