Wednesday, December 19, 2007

Report on Reasons for ESOP Terminations Released

The Employee Ownership Foundation recently released a final report on the reasons why companies terminate ESOP plans. The report was completed in two phases and found that the most common reason for termination of an ESOP is acquisition of the ESOP company by new owners. The report was commissioned and funded by the Employee Ownership Foundation and conducted by the National Center for Employee Ownership in Oakland, CA.   Phase I of the report found that while the most common...

Read More "Report on Reasons for ESOP Terminations Released"

Posted by ESOP at 9:48:57 AM in Foundation (24) | Comments (0)

Wednesday, December 12, 2007

Media and ESOPs

Earlier this year the proposed sale of the Tribune Company to an ESOP set off a hailstorm of media activity. It ran the gamut from praise to suspicion about what an ESOP actually is. It would seem, and we’re sure this is not the first time you’ve heard this, that ESOPs have a love/hate relationship with the media. Each month there are articles discussing the fables of ESOPs, suspicions about tax dodging, and stories of employees losing everything when the company goes...

Read More "Media and ESOPs"

Posted by ESOP at 10:28:11 AM in ESOP Message (39) | Comments (0)

Tuesday, December 04, 2007

Should S ESOPs Care About Proposed S ESOP Law Change?

A message from ESOP Association President, J. Michael Keeling.               Ever since the Chair of the House Ways and Means Committee Congressman Charles Rangel (D-NY) introduced H.R. 3970, the “Tax Reduction and Reform Act of 2007”, containing Section 3701, which would create a new Internal Revenue Code Section 409B, the ESOP community seems to be yawning, saying “So what”.              ...

Read More "Should S ESOPs Care About Proposed S ESOP Law Change?"

Posted by ESOP at 12:19:00 PM in Government Affairs (68) | Comments (1)