For the first time, The ESOP Association (TEA) is publishing an important special edition of The ESOP Report focused on a rapidly growing threat to the future of Employee Stock Ownership Plans as we know them: Private equity firms are seeking a new legal definition of an ESOP, a new structure of tax benefits only they can receive, and broad exemptions from five decades of employee protections embedded in the Employee Retirement Income Security Act of 1974 (ERISA).
Inside this Issue:
- The Dangerous New World of Private Equity in ESOPs
- ESOP or Short Term Equity Plans (STEPs)?
- Is Suspicion and Caution Justified?
- Launched and Funded by Private Equity: Ownership Works and Expanding ESOPs
- Protecting our Membership's Voice: Ask A Lot of Questions Before Jumping on the Private Equity Bandwagon
- Expanding ESOP's Core Principles
- A Deeper Dive: Comparing the Expanding ESOPs Principles vs. The Short Term Equity Plan (STEP) Proposal
- Five Obvious Ways Private Equity Firms Could Abuse STEP
- The Budget Lab at Yale: Expanding ESOPs Plan Costs Taxpayers Nearly $100BB Over First Ten Years; $524 BB More in Second Ten Years
- Is It Really Just Awareness? Not Likely. Why Aren't There More ESOPs?
- We Cannot Call This "Employee Ownership"
- Equity Washing: KKR, Ownership Works and The Polished New Face of Corporate Greed
- Facts About Private Equity
- The Next Frontier for Employee Ownership: Access to Capital Markets Through AORA
- An Existential Danger to ESOPs
