Wednesday, July 29, 2009

August Recess is Approaching - Time to Setup a Meeting with Your Member of Congress

August means one thing in Washington, DC – summer recess for members of Congress. In August, every member decamps for home and this is a great time to setup meetings and invite your member of Congress to visit your company. There’s no greater way to show a member the power of an ESOP than to have he or she visit your company and see firsthand.    If you would like information on how to setup a meeting, visit The ESOP Association’s website and download a...

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Posted by ESOP at 10:38:52 AM in Government Affairs (68) | Comments (0)

Tuesday, July 21, 2009

ESOP Association Board of Directors Endorse H.R. 692

At its most recent Board meeting, the Board of Directors of The ESOP Association endorsed H.R. 692 which would amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock.   Congressman Dana Rohrabacher (R-CA) introduced H.R. 692 on January 26, 2009. Essentially, the bill would exempt from tax the value of company stock paid directly to an employee if the employee holds the stock for...

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Posted by ESOP at 10:59:28 AM in Government Affairs (68) | Comments (0)

Wednesday, July 15, 2009

ESOP Association Members Make Trip to Capital Hill During Annual Conference in May

During this year’s 32nd Annual Conference in Washington, DC, ESOP Association members took time out of their schedules to visit Capital Hill and meet with Senators and Representatives to discuss ESOPs and employee ownership.   With the start of the 111th Congress, these visits play a vital role in helping to spread the employee ownership message and to remind Senators and Representatives of the concerns and hopes of our community. Building a foundation of support among...

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Posted by ESOP at 10:12:20 AM in Government Affairs (68) | Comments (0)

Friday, July 10, 2009

ESOPs and Weird History?

Often we here at The ESOP Association are puzzled by two things.  One, comments by some that ESOPs have no problems on Capitol Hill because everyone loves ESOPs.  Two, the seemingly never ending criticism of ESOPs based on not so subtle personal degradation of both Dr. Louis Kelso, whose ideas form the basis of leveraged ESOPs, and Senator Russell B. Long, who championed the original ESOP laws, both deceased.  Well, the evidence of the cynicism about the motives of Dr. Kelso, and...

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Posted by ESOP at 10:07:07 AM in ESOP Message (39) | Comments (1)

Wednesday, July 08, 2009

Carl Warren & Co. Named One of the Best Companies to Work for by OC Metro Business Magazine

Carl Warren & Co., an employee-owned company located in Placentia, CA and a member of The ESOP Association, was named one of the best companies to work for by OC Metro Business Magazine. The article was featured in the July 1, 2009 issue.   To read the full story, follow this link - http://www.ocmetro.com/t-CoverStory_Best_Companies_to_Work_For_MAIN_PAGE_0709_01to05.aspx.    For the information on Carl Warren & Co., follow this link - http://www.ocmetro.com/t-CoverStory_Best_Companies13CarlWarrenCo0709.aspx.   Congratulations...

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Posted by ESOP at 12:32:28 PM in Members (27) | Comments (0)

Wednesday, July 01, 2009

Boston Herald Highlights Litecontrol

The Boston Herald today featured a great story on Litecontrol, an ESOP Association member located in Hanson, MA.   The article talks about company leadership as well as the ESOP. You can read the full article here:   Boston Herald Plans, results light the way for Veda Clark By Helen Graves / Cover Wednesday, July 1, 2009 http://tinyurl.com/nl6jlk 

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Posted by ESOP at 10:37:21 AM in Members (27) | Comments (0)