Wednesday, April 30, 2008

House Resolution Supporting Employee Ownership Through ESOPs Introduced

The ESOP Association Applauds Introduction of Resolution Supporting Employee Ownership through ESOPs by Congressmen Maurice Hinchey and Dana Rohrabacher   Congressmen Maurice Hinchey (D-NY) and Dana Rohrabacher (R-CA) introduced on April 24, 2008 House Concurrent Resolution 333, which expresses continued support for employee stock ownership plans (ESOPs) in the U.S.   J. Michael Keeling, President of The ESOP Association, had this to say about the Resolution: “I welcome the...

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Posted by ESOP at 10:51:18 AM in Government Affairs (68) | Comments (2)

Wednesday, April 23, 2008

ESOP Association Members Honored with Silver ESOP Award

Earlier this month, The ESOP Association presented 129 corporate members of the Association with a Silver ESOP Award to recognize their work in sustaining their ESOP for 25 years or more.    J. Michael Keeling, President of The ESOP Association stated, “I am very pleased to be able to present these companies with the Silver ESOP Award for their work to sustain their ESOP. We are working with our members to promote the ideals of employee ownership and to increase the number...

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Posted by ESOP at 10:50:37 AM in Members (27) | Comments (0)

Friday, April 18, 2008

S. 1322 - The ESOP Promotion & Improvement Act of 2007

Now is the time to act!   The ESOP Promotion and Improvement Act of 2007 was introduced earlier this year by Senator Blanche Lincoln (D) of Arkansas.    Now is the time to contact your Senators and talk to them about this legislation. In light of the legislation introduced by Representative Charles Rangel, now is the time to reach out to your member of Congress.  Contact their office and ask to arrange a visit to your company. If you can’t arrange a visit...

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Posted by ESOP at 4:20:26 PM in Government Affairs (68) | Comments (0)

Wednesday, April 09, 2008

Progress, But No Victory, No Let Up

This article originally ran as the Washington Report column in the March 2008 issue of the ESOP Report.   We thought it was worth a reprint on the Employee Ownership Blog. It has been edited for space but the message is the same.   For several months after the publication of the tax reform legislation introduced by the Chair of the House Ways and Means Committee Charles Rangel [D-NY] it seemed many ESOP company leaders felt its small provision on S ESOPs was not of any concern.   There...

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Posted by ESOP at 3:52:01 PM in Government Affairs (68) | Comments (0)

Wednesday, April 02, 2008

Does being an ESOP company increase productivity?

The 2007 Economic Performance Survey which was conducted by the Employee Ownership Foundation asked members of The ESOP Association this question about productivity - How has the ESOP affected overall productivity of employees? 68% of individuals that responded to the question said it increased productivity. In fact, this number has remained over 58% since 2000.   Need less to say, this is not a scientific survey and is certainly only a sampling of ESOP companies but to say that...

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Posted by ESOP at 10:30:21 AM in Economic Performance (8) | Comments (0)