Tuesday, March 09, 2010

The Congressional-Company Visit Kit: Practical Steps For Unparalleled Results

What you need to know
Part 4
 
The ESOP Association will be running every Tuesday for the next seven weeks, tips for putting together a Congressional Company Visit. All of the information that will be featured in these excerpts is available on the Association’s website – http://www.esopassociation.org. The full Kit is available on the homepage under News.
 
The Member of Congress Is Here—Now What?
 
The member of Congress more often than not arrives late, in a car driven by one of his or her district office aides. Please remember to take note of the aide and have some one in the company engage that person in conversation during the member of Congress’s visit.   District staff often feel like the odd person out, but in many ways a District staff person is more influential with a member of Congress than anyone on the member of Congress’s Washington staff.
 
Make sure that people in your reception area know the member of Congress is coming. Have the welcoming delegation ready to come out quickly once notified by front desk personnel.
 
It is always positive to have on the bulletin board, or stand, a message of welcome for the member of Congress.
 
Now we come to the meat of the visit.
 
On the one hand it is dumb to just let the member wander around, or to sit in the conference room and have a disjointed conversation. On the other hand, it is dumb to act like you are afraid of the member of Congress engaging in conversations with employees. And it is a waste of time to permit the member Congress to give a speech, as that speech is more than likely going to take up the entire visit time. (Politicians like to give speeches, as one, they are usually good at it, and two, they do not have to make commitments if there is not time for the constituent to ask a question, or to make a request.)
 
A good way to think about your time with the member of Congress is that you have a plan of “organized spontaneity,” or “spontaneous organization.”
 
There is no question that each company should tailor the visit that best suits its culture and style.
 
Following is a typical approach:
·         A delegation of four or five persons greet the member of Congress in the reception area. The group might include the employee owner chair of the ESOP/employee communications group—goes by various names in different companies as well as the CEO and two or three other senior executives.
·         After the greeting, the delegation might escort the member into a conference room for a brief power point, or video about the company, and perhaps some information on its ESOP. The conference room group should include more than the three or four greeters, perhaps 10 or more persons, including, if there is one, the entire ESOP/employee committee group.
·         After that presentation of the company and ESOP history, a walk around to see the company, stopping by different stations on the floor, or in the offices if not a manufacturing business, for an exchange of greetings is positive. Having one to three employee owners primed to comment on the ESOP at the company is powerful.
·         After the walk around, the core delegation, the first four or five for example, or the CEO, and/or chair of the ESOP/employee committee, should take time, perhaps back in the conference room to make the “sale,” or in other words, to ask for the member of Congress to do “something” for ESOPs.
 
Now, this outline of a visit is an example, and again each company needs to implement the visit in accord with its own style and culture.
 
For example, many ESOP companies over the years have had positive results with all the corporate headquarters employees in a room and having just a power point, or video presentation about the company. Others just turn the member of the Congress loose on the company floor, and have him or her meet up with executives later. Others have the member join the early morning “team” session, where the day’s work load and assignments are discussed and divvied out. Others have the member join the annual meeting where the financials are discussed and statements of ESOP accounts handed out. Others have the member join the annual picnic, and its games. Other have the member come to the special event, such as an anniversary celebration and so on.
 
So flexibility is possible depending on the company, but again, do not leave the encounter to chance.

Thursday, March 04, 2010

Employee Ownership and Job Growth

There are numerous proposals, ideas, and commentary floating around about how we can improve the jobs outlook in this country. Let’s face, it’s not good right now. With unemployment around 10% (9.7% to be exact), and companies not hiring, where does that leave the discussion of job growth in this country?   Since we can, let’s talk about employee ownership in the context of job growth. Does being employee owned make a difference? Research has shown...

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Tuesday, March 02, 2010

The Congressional-Company Visit Kit: Practical Steps For Unparalleled Results

What you need to know Part 3   The ESOP Association will be running every Tuesday for the next seven weeks, tips for putting together a Congressional Company Visit. All of the information that will be featured in these excerpts is available on the Association’s website – http://www.esopassociation.org. The full Kit is available on the homepage under News.   This week --- Best Time for a Visit   While it might be a truism to say, “anytime,” or...

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Thursday, February 25, 2010

Kudos to Oklahoma

In a year when membership has remained stagnant, the number of ESOP Association members from the state of Oklahoma has grown.   Take a look at the chart at left which highlights the growth of OK company members. We looked in our files and since 1995, membership of OK companies has grown steadily. Why? Well, we don’t really know why. The Membership Department does track how a group or person hears about the Association on application forms, but it doesn’t...

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Tuesday, February 23, 2010

The Congressional-Company Visit Kit: Practical Steps For Unparalleled Results

What you need to know Part 2   The ESOP Association will be running every Tuesday for the next seven weeks, tips for putting together a Congressional Company Visit. All of the information that will be featured in these excerpts is available on the Association’s website – http://www.esopassociation.org. The full Kit is available on the homepage under News.   First Steps               The ESOP advocate...

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Tuesday, February 16, 2010

The Congressional-Company Visit Kit: Practical Steps for Unparalleled Results

What You Need to Know Part 1   The ESOP Association will be running every Tuesday for the next seven weeks, tips for putting together a Congressional Company Visit. All of the information that will be featured in these excerpts is available on the Association’s website – http://www.esopassociation.org. The full Kit is available on the homepage under News. Today we are featuring – What You Need to Know, Part 1.   Foreword              ...

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Thursday, February 11, 2010

Good Developments in Worrisome Times

 The following post ran in the January 2010 issue of the ESOP Report as the Washington Report. We are re-printing the article on the blog.   Setting aside the horrible developments in Haiti, concerns over Islamist extremists not giving up the goal of killing as many Americans as possible, which triggers young American men and women being in far away places getting killed and maimed, and instead looking at what is the core reason for The ESOP Association’s banding together...

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Thursday, February 04, 2010

2010 Shared Capitalism through Employee Ownership Award

The application period for the 2010 Shared Capitalism through Employee Ownership Award is now open. For more information about the award and the application process, please click here. The application deadline is Friday, April 16th.   The Center for Business Education at the Aspen Institute (Aspen CBE), in partnership with the Foundation for Enterprise Development and the Employee Ownership Foundation, is pleased to announce the second annual award for promising dissertation research...

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Tuesday, February 02, 2010

Budget Calls for Tax Increases of $1.1 Trillion over Next 10 Years

It’s a big deal in D.C. when the President, no matter whether Democrat or Republican, publishes his budget recommendations for the upcoming fiscal year, which begins on October 1.  [In other words, the budget proposal released on February 1 is for the Federal Fiscal Year 2011, which begins on October 1, 2010.]  Everyone reads it over carefully, particularly proposals to alter tax laws.   The ESOP Association has been consistent over the past two years noting that the ballooning...

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Thursday, January 28, 2010

Legislative Highlight --- S. 1612

S. 1612, the Employee Stock Ownership Plan Promotion and Improvement Act of 2009, was introduced in the Senate on August 6, 2009 by Senator Blanche Lincoln [D-AR].   S. 1612 was co-sponsored by the following Senators: Senator Maria Cantwell [D-WA] Senator Saxby Chambliss [R-GA] Senator Mike Crapo [R-ID] Senator Johnny Isakson [R-GA] Senator Patrick J. Leahy [D-VT] Senator Mary L. Landrieu [D-LA] Senator Sheldon Whitehouse [D-RI]   S. 1612 Summary: One, S. 1612 would repeal...

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Tuesday, January 26, 2010

AACE Awards - 2010 Deadline Announced

The 2010 deadline for AACE Award entries has been set. March 1, 2010 is the last day to enter this year’s competition.   The brochure and guidelines are now available on The ESOP Association’s website --- the AACE Brochure can be downloaded here and a link to the Employee Ownership Month Poster Contest is also available. All AACE Awards information can be found under Resources. If you have questions, please contact Pat Barnes, AACE Program Manager, at PatBarnesArt@gmail.com...

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Thursday, January 21, 2010

Fortune Magazine’s 2010 List of 100 Best Companies to Work For Features Employee Owned Companies

Fortune Magazine’s recently released list of the 100 Best Companies to Work For named several employee-owned companies among the ranks – a number of which are members of The ESOP Association.    Eight of the companies on the list are employee owned (highlighted names are ESOP Association members):   Robert W. Baird & Co. W.L. Gore & Associates PCL Construction Enterprises Scooter Store TDIndustries QuikTrip Publix Super Markets Herman Miller   The...

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Tuesday, January 19, 2010

EBRI Says Career Jobs Never Existed

A press release issued January 7, 2010 by the Employee Benefits Research Institute (EBRI) --- a research institute in Washington, DC, which focuses on retirement, economic security issues, saving, and health --- stated that the idea that in yesteryear most American worked for the same employer throughout their working years is a myth. It was all a romantic notion. You can read the full press release here - http://www.ebri.org/pdf/PR.862_07Jan10.Tenure.pdf.   When people and groups...

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Wednesday, January 13, 2010

ESOP Association Member Named 2009 Best Contractor to Work for by Plumbing & Mechanical Magazine

Midwest Mechanical Contractors, Inc. (an MMC Corp subsidiary), located in Kansas City, MO, and an ESOP Association member, was recently named the 2009 Best Contractor to Work for by Plumbing & Mechanical Magazine. You can read the full article, which is the January cover story, here.   In the article, Midwest Mechanical talks about the company’s ESOP and why it’s so valuable. The ESOP is just not another benefit but a real means of motivation for the employee owners.   Congratulations...

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Monday, January 11, 2010

Association Member Service for Identifying Outside Board Members

There is more and more interest in the ESOP community in having board of directors members who are not executives of the private ESOP company, and who also have experience in ESOP management and culture.   These persons are referred to as “outside” board members.   The interest in having “outside” board members arises not only from a growing realization that an ESOP company, particularly one owned 50% or more by the ESOP, is a hybrid corporate entity neither...

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Monday, January 04, 2010

Happy New Year

We’ve been out of pocket during the holidays but wanted to wish everyone all the best for a happy 2010.   We have a lot to share in the coming year but wanted to take this opportunity to remind readers about the purpose of the Employee Ownership Blog and our goals. This blog is dedicated to fostering an open discussion about employee ownership while keeping readers informed of new developments in the community and on the legislative front.  We want to hear from everyone...

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Monday, December 21, 2009

Senator Sanders and Colleagues Propose New, and Effective, Ideas to Save American Jobs

We wanted to share with everyone the following press release which was sent out by The ESOP Association this morning about new pro-ESOP legislation introduced by Senator Bernard Sanders [I-VT] on December 18, 2009.   Senator Sanders and Colleagues Propose New, and Effective, Ideas to Save American Jobs   December 21, 2009 (Washington, DC) – The ESOP Association praised legislation introduced Friday, December 18, by Senator Bernard Sanders [I-VT], and co-sponsored by three...

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Friday, December 18, 2009

Spreading the ESOP Message: Peer to Peer

While the Employee Ownership Foundation is involved in numerous projects to share the idea of employee ownership with the non-ESOP world (such as the Steve Sheppard Speaking Tour, the General Social Survey, and Fellowship Programs), we also recognize that ESOP advocates promoting the ESOP message at meetings and conferences of their peer groups is an important, and effective way, to spread the word. Some might call it ESOP “missionary work” with tongue in cheek, but when a lawyer,...

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Wednesday, December 16, 2009

Open Book Management

On The New York Times website, there is an interesting discussion about Open Book Management on the Times’s You’re the Boss Blog. The post is written by Jack Stack, CEO of SRC Holdings in Springfield, MO. SRC Holdings is an ESOP and a member of The ESOP Association.   The topic of open-book management comes up often in the ESOP world. Does your company open the books to employee owners? 

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Thursday, December 10, 2009

A Tribute to John Logue

Dr. John Logue of Kent State University and the Ohio Employee Ownership Center passed away December 8, 2009 shortly after a cancer diagnosis. We are saddened by the loss of not only a great leader in the employee ownership community but also a good friend.   For those of you who knew John, he was a steadfast proponent of ESOPs and employee ownership and his work has led to the creation of new jobs and the preservation of companies in Ohio that would have otherwise closed.   We...

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