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Results for: Finance | Showing Results: 26 to 50 | Total Results: 42 | Sort By: Alphabetical Publication Date

Owners as Stewards: What Determines Employee Ownership of Institutional Investment Management Firms? 

We examine how employee ownership is used to solve the agency problem between institutional investment management firms and employees. 
Author: Dimmock, Stephen G.; Gerken, William Christopher; Marietta-Westberg, Jennifer
Pub. Date: 2009-09-20

Owning Our Future: The Emerging Ownership Revolution 

Looking around at the wreckage left in the wake of the world economy’s latest crisis, veteran business journalist Marjorie Kelly noticed that some institutions were left relatively unscathed. What did they have in common? The key, Kelly realized, is seemingly obscure: ownership. Prominent among the survivors were organizations that combined the flexibility of traditional private ownership with a focus on the common good... 
Author: Kelly, Marjorie
Pub. Date: 2012-06-04

Requirement, Guidance, Advice and Implication: A Brief Look at a Couple of Recent ESOP Legal Events 

Several recent legal events have given the ESOP community a great deal to consider... 
Author: Mathews, Anthony
Pub. Date: 2014-09-04

Sealed Air Corp.'s Leveraged Recapitalization (A, B)  

Less than a year after Sealed Air embarked on a program to improve manufacturing efficiency and product quality, the company borrowed almost 90% of the market value of its common stock and paid it out as a special dividend to shareholders. 
Author: Wruck, Karen H.; Barry, Brian
Pub. Date: 1997-12-05

Section 1042: A Guide to Floating Rate Notes 

Floating rate notes (FRNs) are bonds that have a variable coupon that is pegged to a reference rate, typically LIBOR, plus a fixed spread. There are several variations of FRNs, but this article will focus on those utilized to fulfill IRC Section 1042 requirements. 
Author: Vira, Damien
Pub. Date: 2015-09-02

Selling Ownership to an ESOP: An Attractive Route to Cashing Out 

Any business owner who evaluates their succession options without investigating the concept of an employee stock ownership plan will be making a mistake. What is an ESOP, and how does it work? 
Author: Staubus, Martin
Pub. Date: 2012-06-13

Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts 

This paper explores how share repurchases affect the extant employee compensation contracts and offer a new explanation for the popularity of stock buybacks. 
Author: Babenko, Ilona
Pub. Date: 2008-01-01

The Benefits of an ESOP for Corporate Transition Strategies 

Like many ESOPs, the Macfadden Employee Stock Ownership Plan was established as a means of transitioning ownership from the company's founder to its employees. Just over 12 years later, the Macfadden ESOP now owns 100 percent of the company… 
Author: Binns, David
Pub. Date: 2015-09-02

The ESOP-Owned S Corporation: Bringing Ownership to Life with Synthetic Equity 

The “ESOP-Owned S Corporation” structure offers truly remarkable advantages that can transform a business into a tax-exempt, for-profit entity. 
Author: Staubus, Martin
Pub. Date: 2008-01-01

The Fiduciary Trustee's Role in ESOP Governance 

In this issue, we close the loop on the triangular governance structure that supports ESOP companies and discuss the role of the ESOP itself as reflected in the duties and functions of the ESOP fiduciary (the trustee). 
Author: Mathews, Anthony
Pub. Date: 2014-12-10

The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings 

This essay, devoted to explaining the financed-capitalist plan, is an attempt to advance our practical thinking about capitalism. It does not add anything except evidence of feasibility to the theory of capitalism as outlined in our earlier book.
Author: Kelso, Louis O.; Adler, Mortimer Jerome
Pub. Date: 1975-08-02

The New Math of Ownership 

In order to solve high-tech's employee retention problems, Bill Gross, the chairman and founder of Idealab, proposes a radical solution: give all workers a significant equity stake. 
Author: Gross, Bill
Pub. Date: 1998-11-01

The Roots of Broadened Stock Ownership 

This analysis examines recent trends in stock ownership and explains the reasons for the dramatic increase in stock ownership among a broader and increasingly diverse number of Americans. 
Author: Saxton, Jim
Pub. Date: 2000-04-01

The Viability of Employee-Owned Firms: Evidence from France 

This study examines data on French producer cooperatives for the years 1970-79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases.  
Author: Estrin, Saul; Jones, Derek C.
Pub. Date: 1991-01-01

Tullis Russell 

Paper manufacturer and distributor Tullis Russell became majority employee owned in 1994 in a pioneering arrangement that involved the transfer of ownership to staff and unlocked capital for the family that had owned most of the business since 1809. 
Author:
Pub. Date: 2009-01-01

Wages, Employment, and Capital in Capitalist and Worker-Owned Firms 

The authors investigate how worker-owned and capitalist enterprises differ with respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms.  
Author: Pencavel, John; Pistaferri, Luigi; Schivardi, Fabiano
Pub. Date: 2006-01-01

Why Do Firms Adopt Profit Sharing and Employee Ownership Plans? 

Profit-sharing and employee ownership in companies have attracted considerable interest, yet there has been little research on factors predicting the adoption and maintenance of these plans. This study uses new data from a survey of 500 US public companies, and panel data on corporate financial variables, to examine factors predicting the presence and adoption of profit-sharing and employee stock ownership plans (ESOPs) in the 1975–91 period. 
Author: Kruse, Douglas L.
Pub. Date: 1996-01-01