Tuesday, November 27, 2007

Prominent Harvard University Economics Professor Calls for Government Promotion of Shared Capitalism, Including ESOPs in His Book

Professor Richard B. Freeman, Chair of the Economics Department at Harvard University and Director of the Labor Studies Program at the National Bureau of Economic Research, in his book, America Works: Critical Thoughts on the Exceptional U.S. Labor Market, discusses the need for the establishment of a federal agency to promote more shared capitalism in America. As defined by Professor Freeman, shared capitalism includes increased profit sharing and employee stock ownership.  This proposed...

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Posted by ESOP at 11:13:45 AM in Blog / MISC (16) | Comments (2)

Thursday, November 15, 2007

2007 Las Vegas Conference & Tradeshow – What’s the Buzz?

Another Las Vegas Conference and Tradeshow has come and gone. This year’s event, which was held at the Venetian hotel, was the highest attended conference of ESOP advocates in history, with approximately 1,230 attendees and 31 exhibitors in the tradeshow.   Two weeks prior to the conference, H.R. 3970, the Tax Reduction and Reform Act of 2007, was introduced by Congressman Charles Rangel. We overheard many people discussing the implications of the new legislation and it...

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Posted by ESOP at 9:11:30 AM in Blog / MISC (16) | Comments (1)

Monday, November 12, 2007

Employee Ownership Overseas – Greater Participation?

First, before we even begin this discussion, yes, we know that employee ownership schemes in foreign countries do not work as they do here at home. But for the purposes of this discussion, let’s assume they are similar.   According to the European Federation of Employee Share Ownership’s (EFES) website, http://www.efesonline.org/, a recent European Commission Study found that 89% of all 2,000 widest European Groups (which encompasses 29 millions employees) have employee...

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Posted by ESOP at 11:05:25 AM in ESOP Message (39) | Comments (1)

Friday, November 02, 2007

Economic Performance of ESOP Companies

We’ve always said the economic performance of ESOP companies surpassed that of non-ESOP companies, in fact, we have results to prove it. In 2007, over 89% of ESOP companies responding to an annual survey conducted by the Employee Ownership Foundation stated that the ESOP was good for business. The same can be said for the last few years with corresponding numbers respectively at 91% in 2006, 87.5% in 2005 and 88% in 2004.    While we know that comparing the performance...

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Posted by ESOP at 10:17:02 AM in Economic Performance (8) | Comments (1)