Thursday, January 28, 2010

Legislative Highlight --- S. 1612

S. 1612, the Employee Stock Ownership Plan Promotion and Improvement Act of 2009, was introduced in the Senate on August 6, 2009 by Senator Blanche Lincoln [D-AR].   S. 1612 was co-sponsored by the following Senators: Senator Maria Cantwell [D-WA] Senator Saxby Chambliss [R-GA] Senator Mike Crapo [R-ID] Senator Johnny Isakson [R-GA] Senator Patrick J. Leahy [D-VT] Senator Mary L. Landrieu [D-LA] Senator Sheldon Whitehouse [D-RI]   S. 1612 Summary: One, S. 1612 would repeal...

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Posted by ESOP at 2:27:33 PM in Government Affairs (68) | Comments (0)

Tuesday, January 26, 2010

AACE Awards - 2010 Deadline Announced

The 2010 deadline for AACE Award entries has been set. March 1, 2010 is the last day to enter this year’s competition.   The brochure and guidelines are now available on The ESOP Association’s website --- the AACE Brochure can be downloaded here and a link to the Employee Ownership Month Poster Contest is also available. All AACE Awards information can be found under Resources. If you have questions, please contact Pat Barnes, AACE Program Manager, at PatBarnesArt@gmail.com...

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Posted by ESOP at 11:26:33 AM in Blog / MISC (16) | Comments (0)

Thursday, January 21, 2010

Fortune Magazine’s 2010 List of 100 Best Companies to Work For Features Employee Owned Companies

Fortune Magazine’s recently released list of the 100 Best Companies to Work For named several employee-owned companies among the ranks – a number of which are members of The ESOP Association.    Eight of the companies on the list are employee owned (highlighted names are ESOP Association members):   Robert W. Baird & Co. W.L. Gore & Associates PCL Construction Enterprises Scooter Store TDIndustries QuikTrip Publix Super Markets Herman Miller   The...

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Posted by ESOP at 11:58:05 AM in News Link (17) | Comments (0)

Tuesday, January 19, 2010

EBRI Says Career Jobs Never Existed

A press release issued January 7, 2010 by the Employee Benefits Research Institute (EBRI) --- a research institute in Washington, DC, which focuses on retirement, economic security issues, saving, and health --- stated that the idea that in yesteryear most American worked for the same employer throughout their working years is a myth. It was all a romantic notion. You can read the full press release here - http://www.ebri.org/pdf/PR.862_07Jan10.Tenure.pdf.   When people and groups...

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Posted by ESOP at 11:35:36 AM in Retirement Issues (4) | Comments (0)

Wednesday, January 13, 2010

ESOP Association Member Named 2009 Best Contractor to Work for by Plumbing & Mechanical Magazine

Midwest Mechanical Contractors, Inc. (an MMC Corp subsidiary), located in Kansas City, MO, and an ESOP Association member, was recently named the 2009 Best Contractor to Work for by Plumbing & Mechanical Magazine. You can read the full article, which is the January cover story, here.   In the article, Midwest Mechanical talks about the company’s ESOP and why it’s so valuable. The ESOP is just not another benefit but a real means of motivation for the employee owners.   Congratulations...

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Posted by ESOP at 11:48:21 AM in Members (27) | Comments (1)

Monday, January 11, 2010

Association Member Service for Identifying Outside Board Members

There is more and more interest in the ESOP community in having board of directors members who are not executives of the private ESOP company, and who also have experience in ESOP management and culture.   These persons are referred to as “outside” board members.   The interest in having “outside” board members arises not only from a growing realization that an ESOP company, particularly one owned 50% or more by the ESOP, is a hybrid corporate entity neither...

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Posted by ESOP at 4:01:46 PM in Board (3) | Comments (0)

Monday, January 04, 2010

Happy New Year

We’ve been out of pocket during the holidays but wanted to wish everyone all the best for a happy 2010.   We have a lot to share in the coming year but wanted to take this opportunity to remind readers about the purpose of the Employee Ownership Blog and our goals. This blog is dedicated to fostering an open discussion about employee ownership while keeping readers informed of new developments in the community and on the legislative front.  We want to hear from everyone...

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Posted by ESOP at 4:57:05 PM in Blog / MISC (16) | Comments (0)