Headlines about "ESOPs"
Gathered from the web by the editors at BenefitsLink.com.
Employee Ownership Update for February 1, 2012
NCEO Executive Director Loren Rodgers discusses employee ownership in the 2010 General Social Survey, the continuing importance of ESPPs, Principal's 10 Best Companies for Employee Financial Security, employee ownership and charity, the April Employee Ownership Conference, and a different way of owning 'stock." (National Center for Employee Ownership)
The State of Broad-Based Employee Ownership Plans 2012
This report details the extent and growth of employee ownership through ESOPs, 401(k) plans, stock options, ESPPs, and other vehicles; summarizes the leading research on employee ownership and corporate performance; and discusses current challenges and prospects. (National Center for Employee Ownership)
DOL's Citigroup Amicus Brief, in Support of Appellants' Petition for Panel Rehearing
"The Secretary of Labor, who has primary authority for enforcing and administering Title I of ERISA, . . . agrees with the dissent that the panel's holdings represent 'both an alarming dilution' of ERISA 'and a windfall for fiduciaries, who may now avail themselves of the corporate benefits of [ESOPs] without the costs of complying with the statutorily mandated obligations of prudence.' . . . The issues are of exceptional importance under Federal Rules of Appellate Procedure . . . because they put hundreds of billions of dollars in pension plan assets at undue risk." (U.S. Department of Labor)
Employee Ownership Update for January 17, 2012
NCEO Executive Director Loren Rodgers discusses Iowa's ESOP initiative, research finding that shared capitalism companies are among the best to work for, Mitt Romney and the ESOP at Bain, employee ownership in the UK, the DOL's plans to re-propose its fiduciary regulations, and the NCEO board election. (National Center for Employee Ownership)
Company Ownership Through an ESOP Builds Employee Loyalty
"A Rutgers University study, done in 2000 but still cited in support of ESOPs, found that ESOP companies grew 2.3 percent to 2.4 percent faster after setting up their ESOP than would have been expected without it." (Trib Total Media, Inc.)
Incentives Like an ESOP Can Curb Turnover
"[R]esearch shows that workers who have financial skin in the game have an extra incentive to stay on the job. For 13 million employees in 11,300 U.S. companies, that 'skin' is company ownership through an ESOP. Stick with the company. Build a nest egg." (The Kansas City Star)
Employee Ownership Update for December 15, 2011
NCEO Executive Director Loren Rodgers discusses a SEC suit alleging an undervalued stock buyback, new data showing broad-based options decrease employee turnover, employee ownership in South Africa, the Penn program for ESOP company CEOs, and deadlines for the NCEO executive compensation survey and board nominations. (National Center for Employee Ownership)
New edition of The ESOP Committee Guide
This book is the definitive guide to creating, developing, and maintaining a successful ESOP committee, with information on everything from determining the mission of the committee to ensuring its continued effectiveness in the face of difficulties. The third edition updates existing material and adds four new chapters. (National Center for Employee Ownership)
Nancy Dittmer on ESOP Diversification (Part Three)
NCEO board member and ESOP expert Nancy Dittmer continues her discussion of ESOP diversification in this installment of her column on NCEO's Web site. (National Center for Employee Ownership)
IRS Employee Plans Office Facing Challenges to Improve Processing of ESOP Applications, IRS Official Says
"ESOP processing has faced a number of obstacles over the years. Initially, work on ESOPs was considered 'nonspecialized' and was assigned as general process work. In 2001, two developments triggered the need to develop a cadre of ESOP specialists: the detection of widespread abuses involving ESOPs, and the enactment of new requirements in Code Sec. 409(p)." (Wolters Kluwer Law & Business / CCH)
Updated List of Employee Ownership Plans in Major Public Companies
This list, updated and released in December 2011, shows which of the 900 largest publicly traded companies (the S&P 500 and the S&P mid-cap 400) have various forms of employee ownership, including stock options, stock purchase plans, ESOPs, 401(k) plans, and more. (National Center for Employee Ownership)
Employee Ownership Update for December 1, 2011
NCEO Executive Director Loren Rodgers discusses Berkshire Hathaway's impending acquisition of employee-owned Omaha World-Herald Co.; the NCEO's revised list of employee ownership plans in large public companies; Oxford awards for job creation in employee ownership companies; and NCEO board nominations. (National Center for Employee Ownership)
[Opinion] Does Employee Ownership Motivate People?
In his latest column, NCEO founder Corey Rosen writes that 'employee ownership' as through an ESOP, etc., 'doesn't have a strong motivational impact on its own'; rather, employees are motivated by 'a culture in which people are allowed to motivate themselves." (National Center for Employee Ownership)
New Edition of An Introduction to ESOPs
The NCEO has just released a new edition of An Introduction to ESOPs. This short book explains the rules, uses, benefits, and other aspects of employee stock ownership plans (ESOPs). It is useful as an introduction to the subject, as an accompaniment to a full-length book related to ESOPs, or as a concise reference for laypeople. Since the 1990s, it has been the NCEO's best-selling publication. It is now in its 12th edition. (National Center for Employee Ownership)
New publication: S Corporation ESOP Traps for the Unwary
This issue brief from the NCEO discusses pitfalls that S corporation ESOPs face and provides solutions to keep the ESOP and its corporate sponsor out of harm's way. (National Center for Employee Ownership)
Stock Ownership Guidelines Hard-Wired Into the Plan?
"I wanted to point out to readers a company that recently incorporated its stock ownership guidelines into its stock incentive plan document, which I had not seen previously. The amended Motricity, Inc. 2010 Long Term Incentive Plan, approved by stockholders on October 28, 2011, contains the following paragraph . . . ." (Michael S. Melbinger via Winston & Strawn LLP)
[Guidance Overview] Judicial Endorsement of the Moench Presumption Expands
"The Second Circuit now joins the Third, Fifth, Sixth, Seventh, and Ninth Circuits in endorsing a presumption of prudence in cases involving fiduciary conduct related to 401(k) plans, and more specifically employee stock option plans (ESOPs) and eligible individual account plans (EIAPs)." (fi360 Blog)
Employee Ownership Update for November 15, 2011
NCEO Executive Director Loren Rodgers discusses trends in company stock in 401(k) plans, the launch of the NCEO's third survey of executive compensation in ESOP companies, Innovations in Employee Ownership Award nominations, details on Zimbabwe's employee ownership plan, and nominations for the NCEO's board of directors. (National Center for Employee Ownership)
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