Monday, October 26, 2009

House Concurrent Resolution Expressing Continued Support for ESOPs Introduced

The following Legislative Bulletin was sent to all ESOP Association members this morning.   ESOP Legislative Bulletin   Congressman Hinchey Introduces House Concurrent Resolution Expressing Continued Support for ESOPs   On October 22, 2009, Congressman Maurice Hinchey (D-NY-22) introduced House Concurrent Resolution 204 which expresses continued support for employee stock ownership plans.   H. Con. Res. 204 cites the Congressional history of ESOPs, references the 35...

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Posted by ESOP at 10:55:54 AM in Government Affairs (68) | Comments (0)

Wednesday, October 21, 2009

Influential Tax Journal Features Respected ERISA Expert Saying “Kill ESOPs”

Andrew Stumpff, an employee benefits law professor at the University of Michigan Law School and the University of Alabama Law School, along with Norman Stein, a Douglas Arant Professor of Law at the University of Alabama Law School, have recently written a piece for Tax Notes’s Shelf Project entitled – “Repeal Tax Incentives for ESOPs.” The article appears in the October 19, 2009 issue of Tax Notes. Professor Stein is a sought after advisor to the Congress on...

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Posted by ESOP at 12:59:38 PM in Government Affairs (68) | Comments (4)

Thursday, October 15, 2009

Economic Theories and a Pause for Thought

The Nobel Prize for Economics was recently awarded to two U.S. scholars --- Dr. Elinor Ostrom of Indiana University, Bloomington, and Dr. Oliver E. Williamson, University of California, Berkeley.   No, neither of these professors have done research on employee ownership but what we found interesting in reading about their work, in particular Ostrom’s work, is the idea of a common or shared ownership.   Ostrom’s work focuses on the commons which is essentially a study...

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Posted by ESOP at 12:09:00 PM in ESOP Message (39) | Comments (1)

Wednesday, October 14, 2009

Employee Ownership Blog #1 Visited Page on Association’s Website

We are happy to report the Employee Ownership Blog is the number one visited page on the Association’s website. It has lived up to its promise of being the go to place for members looking for up to the minute news and discussion on ESOPs and employee ownership.   The Employee Ownership Blog is open to all members of the ESOP community who would like to share information, articles, and thoughts about ESOPs, employee ownership, retirement and wealth issues, and the ownership society.    If...

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Posted by ESOP at 5:12:53 PM in Blog / MISC (16) | Comments (0)

Thursday, October 08, 2009

Fortune Magazine’s 8 Great Companies to Retire From

Fortune Magazine profiled 8 companies that, in the midst of the downturn, are still offering more in terms of retirement than other companies. Among the companies on the list, 25% are members of The ESOP Association --- The Procter & Gamble Company and The Sherwin-Williams Company. In addition to the benefits these companies offer, they also have an ESOP as a significant benefit.   To read the full story, click here.

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Posted by ESOP at 4:30:32 PM in News Link (17) | Comments (1)

Wednesday, October 07, 2009

U.S. Congressman Erik Paulsen and Toll Company Re-Visit Employee Ownership and ESOPs

Toll Company, located in Plymouth, MN, met with U.S. Congressman Erik Paulsen in a dialogue on employee ownership and ESOPs on Aug. 5, 2009, at the company’s headquarters.    “We were delighted to discuss with Congressman Paulsen our ESOP story and the incredible impact it has had on our company, particularly its benefits during a weak economy,” said Jim Quicksell, president of Toll Company. “Without the ESOP, we would not exist, and would not be able to share...

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Posted by ESOP at 10:40:27 AM in Government Affairs (68) | Comments (0)

Thursday, October 01, 2009

ESOP Community Celebrates Employee Ownership Month!

The following press release was sent out by The ESOP Association this morning to kickoff Employee Ownership Month 2009. If your company is planning a special celebration this year, tell us about in the comments.   For Immediate Release: October 1, 2009 For More Information: Amy Gwiazdowski, 202/293-2971, amy@esopassociation.org   ESOP Community Celebrates Employee Ownership Month!   Washington, DC (October 1, 2009) – This October, The ESOP Association and the employee...

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Posted by ESOP at 10:23:31 AM in Employee Ownership Month (9) | Comments (0)