Wednesday, September 23, 2009

Employee Ownership and Business Performance

An article about the recent academic symposium sponsored by the Foundation for Enterprise Development (FED) on employee ownership appeared on the San Diego News Network. Written by Mary Ann Beyster of the FED, it is a nice re-cap of the event. The purpose of the event was to share findings and research on employee ownership and how it motivates employees and improves business practices.   To read the full article ---   Management: Employee ownership improves business performance By...

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Posted by ESOP at 10:42:34 AM in Economic Performance (8) | Comments (0)

Monday, August 17, 2009

ESOP Companies Outperform Stock Market in 2008

We wanted to share with readers the following press release which was sent out by the Employee Ownership Foundation this morning regarding the results of the recent Economic Performance Survey.   For Immediate Release: August 17, 2009   For More Information: Amy Gwiazdowski, 202/293-2971, amy@esopassociation.org   ESOP Companies Outperform Stock Market in 2008 In Survey, 88.5% of ESOP Association Members Report Better Performance Than Stock Market   August 17, 2009...

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Posted by ESOP at 10:46:44 AM in Economic Performance (8) | Comments (0)

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)

Wednesday, August 20, 2008

Economy – How is it impacting your company?

One can’t pick up a paper or turn on the television these days without seeing something about the economy. Gas prices are high, unemployment rates are on the rise, companies are increasing layoffs, and food prices are creeping ever upward.   How is your company being affected? Has it changed the way you do business? Are you cutting back on things that have always been a constant?   The more important question here is – has the ESOP made a difference? There...

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Posted by ESOP at 10:37:01 AM in Economic Performance (8) | Comments (0)

Wednesday, June 25, 2008

New Research Confirms Majority-Owned ESOPs More Productive Than Non-ESOP Counterparts

Recent research by Brent Kramer, a doctoral candidate at the City University of New York, “provides strong evidence that majority employee-owned businesses have a significant advantage over comparable traditionally-owned businesses in sales per employee.” The average advantage, $44,500, means that a typical 200 person ESOP firm could be expected to have an almost $9 million annual sales advantage over its non-ESOP counterpart. Sales per employee is the total of a company’s...

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Posted by ESOP at 11:12:51 AM in Economic Performance (8) | 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)

Wednesday, January 30, 2008

Why Aren’t ESOPs Growing Faster in the U.S.?

This is a popular question in the ESOP community and there are a number of answers. Some suggest the number of ESOPs is growing but the number of terminated ESOPs each year keeps the number steady, so while there is growth, there are enough terminations to keep everything in check. Others believe the growth has stagnated and that numbers have dropped slightly.   In 2007, there were a number of news articles about newly created ESOPs and positive articles in trade publications...

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Posted by ESOP at 10:33:36 AM in Economic Performance (8) | Comments (2)

Friday, November 02, 2007

Economic Performance of ESOP Companies

We’ve always said the economic performance of ESOP companies surpassed that of non-ESOP companies, in fact, we have results to prove it. In 2007, over 89% of ESOP companies responding to an annual survey conducted by the Employee Ownership Foundation stated that the ESOP was good for business. The same can be said for the last few years with corresponding numbers respectively at 91% in 2006, 87.5% in 2005 and 88% in 2004.    While we know that comparing the performance...

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Posted by ESOP at 10:17:02 AM in Economic Performance (8) | Comments (1)