In case you missed it, CNBC recently published a great article about ESOPs, with commentary by TEA President and CEO Jim Bonham.
Key highlights:
"There is massive new interest in employee ownership from prospective employees, especially younger workers, and from government and political leaders." – Jim Bonham
The ESOP Association
ESOP Association Resources
Dec. 26
The traditional holiday season, stretching from Thanksgiving to the New Year, is upon us, and employee owners are preparing to celebrate a cornucopia of diverse customs and festivities with family, friends, and one another. Some of us are planners while others are gatherers, so whether you are responsible for preparing a Griswald-esque turkey feast, perfecting the ultimate side dish bring-along, showing up your in-laws, or simply just showing up, take a moment to consider how this time of gratitude likewise influences the ESOP community.
Dec. 21
Pictured Above: Northwest 2023 Company of the Year Bob's Red Mill and 2023 Employee Owner of the Year Laura Jaimes
It’s that time of year. TEA’s 19 chapters across the country are now accepting nominations for annual awards!
It’s that time of year. TEA’s 19 chapters across the country are now accepting nominations for annual awards!
Dec. 19
The end of the year and the holiday season is an opportunity for many of us to breathe a bit easier in our jobs. It’s a time for office get-togethers, festive holiday parties, and enjoying the company of our friends and families. But for ESOP leaders, November and December can also be the most stressful time of the year.
Dec. 14
Application Opening Soon
December 15, 2023 - February 15, 2024
Created by the Employee Ownership Foundation for children of employee owners
Dec. 12
Because of your amazing efforts, the Employee Ownership Foundation is thrilled to announce that October’s ESOPATHON has shattered last year’s fundraising total by $100,000, raising more than $512,000 in a single month! In addition, your support for ESOPATHON has helped the EOF raise more than $700,000 in 2023, another all-time high.
Dec. 07
Congratulations to the 2023 AACE Award Winners!
The AACE Awards honor and celebrate the greatest achievements in ESOP and employee ownership communications. Communicating and engaging with employee owners and the surrounding community is an essential part of an ESOP's success. This year’s winners were celebrated at the Employee Owned conference in Las Vegas earlier this month.
Dec. 05
Thank you to everyone who made The ESOP Association’s Employee Owned 2023 one of the largest and greatest gatherings of ESOPs and employee owners in history! With all the positive momentum for ESOPs and employee owners over the last two years, there was a great energy from the crowd throughout the entire three days of EO23, as employee owners convened at Caesars Palace in Las Vegas for a deep dive into The Future of Work.
ESOP Blog, Resource
Jan. 31
I am hearing increasingly from certain thought leaders that current ESOP laws do not create “good” employee ownership plans.
Anytime we ESOP advocates encounter someone who takes such a view of ESOPs, we need to ask ourselves, “Why does that person think ESOPs are not good employee ownership plans?” When we know the answer, we can counter the ESOP cynic’s point of view.
In my experience, there are three main criticisms of ESOPs. I’ll deal with each one in a separate blog post.
The first criticism maintains that ESOPs are bad retirement plans.
Anytime we ESOP advocates encounter someone who takes such a view of ESOPs, we need to ask ourselves, “Why does that person think ESOPs are not good employee ownership plans?” When we know the answer, we can counter the ESOP cynic’s point of view.
In my experience, there are three main criticisms of ESOPs. I’ll deal with each one in a separate blog post.
The first criticism maintains that ESOPs are bad retirement plans.
ESOP Blog, Resource
Jan. 17
For some time now, the data have shown that businesses with employee stock ownership are clearly better than conventionally owned companies at retaining employees. But new insights gleaned from existing research data show that, over a period of 12 years, businesses with employee stock ownership have gotten increasingly and dramatically better than conventionally owned firms at retaining employees.
How much better? Try 235 percent better!
How much better? Try 235 percent better!