Tuesday, September 23, 2008

Republican Presidential Candidate Senator John McCain Releases Statement on ESOPs

The following press release was sent out today by The ESOP Association regarding a statement by Senator John McCain. The ESOP Association   News Release 1726 M Street, NW Washington, DC 20036 (202) 293-2971 (202) 293-7568 (f) www.esopassociation.org    esop@esopassociation.org    For Immediate Release: September 23, 2008   Republican Presidential Candidate Senator John McCain Releases Statement on ESOPs   September 23, 2008 (Washington,...

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Posted by ESOP at 11:32:18 AM in Government Affairs (68) | Comments (0)

Friday, September 19, 2008

Should Public and/or Large Employers Have ESOPs?

The recent collapse of major publicly traded employers with significant amounts of stock ownership among employees have triggered the expected extremely negative stories about, as one financial “expert” said, the “stupidity” of employees owning stock in the companies where they work. [This particular story was about Lehman, where it is estimated 25% of the stock of Lehman’s was owned by employees through a variety of stock compensation arrangements, none of which...

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Posted by ESOP at 12:55:25 PM in Retirement Issues (4) | Comments (1)

Tuesday, September 16, 2008

Employee Ownership Month is almost here!

October is right around the corner…   If you’re in the process of planning your Employee Ownership Month events, take the time to download a copy of the 2008 Press & Event Planning Kit.   The 2008 Kit is now available on the Association’s website at http://www.esopassociation.org/resources/resources_month.asp.   In 2008, the Kit will be available exclusively in electronic format making it more timely and cost effective.  A complimentary copy of...

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Posted by ESOP at 10:31:56 AM in Employee Ownership Month (9) | Comments (0)

Wednesday, September 10, 2008

ESOP companies and the community

Last summer The ESOP Association’s magazine, the ESOP Report, focused on ESOP companies and how they are a part of the communities they serve. There were wonderful stories from companies about how the employee owners took chances and became involved in community projects and how they tied the work back to the company and its employee owned status. If you would like to read more, check out The ESOP Association’s website at - http://www.esopassociation.org/. Archived copies...

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Posted by ESOP at 11:29:21 AM in ESOP Message (39) | Comments (1)

Wednesday, September 03, 2008

92.4% of Companies State ESOPs are Good Business

Results from the Employee Ownership Foundation’s 17th Annual ESOP Economic Performance Survey prove the decision to become employee-owned means enhanced company performance and greater wealth creation for employee owners.   In 2008, 92.4% of survey respondents reported that creating employee ownership through an ESOP (employee stock ownership plan) was “a good business decision that has helped the company.” In the 17 years this survey has been conducted, this is the...

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Posted by ESOP at 11:56:23 AM in Economic Performance (8) | Comments (0)

Tuesday, September 02, 2008

The New York Times and ESOPs

There is a steady drumbeat arising from The New York Times against ESOPs and employee ownership.   Take a look at this article from the Friday, August 29, 2008 edition - http://www.nytimes.com/2008/08/29/business/29fannie.html?_r=1&scp=1&sq=coming%20home%20to%20roost&st=cse&oref=slogin.   Bear Stears was first, then U.S. Sugar, and now Fannie Mae and Freddie Mac are being highlighted as poster children for how bad an ESOP can be for a company. As a point of note...

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Posted by ESOP at 12:34:57 PM in News Link (17) | Comments (0)