Client Profile: Coast Citrus Distributors
At Coast Citrus, the employees are eligible to participate in the ESOP after completing 500 hours and/or three months of service. Currently the company is 70 percent employee owned.
The Origin and History of the ESOP and Its Future Role as a Business Succession Tool
The first ESOP (employee stock ownership plan) came into being in 1956. This article describes the origin and history of the ESOP and explains why ESOPs will increasingly become the business succession tool of choice for many owners of privately held businesses.
Beyster Institute’s Employee Ownership Management Program, 2010
Curriculum material for Beyster Institute’s Employee Ownership Management Program, a seminar presented at the Rady School, UCSD.
Vermont Employee Ownership Center
The Vermont Employee Ownership Center works to promote and foster employee ownership of Vermont businesses. We provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership.
Center for Economic and Social Justice
The Center for Economic and Social Justice is a non-profit, non-partisan education and research organization dedicated to promoting economic justice on a global scale by expanding capital ownership to a broader segment of society.
The Beyster Institute
The Beyster Institute at UC San Diego’s Rady School of Management works to advance the understanding and practice of employee ownership as an effective and responsible business model. We focus on education, research and consulting to promote employee ownership and the creation of effective ownership cultures.
The Kelso Institute
Louis O. Kelso (1913-91) was a political economist in the classical tradition of Smith, Marx and Keynes. He was also a corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the Employee Stock Ownership Plan (ESOP), the prototype of the leveraged buy-out which Kelso invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.
Building a System of Trust: Ten Hidden Secrets of Success in Employee-Owned Companies
The great potential of employee ownership to improve business performance lies in its capacity to bring people together to work as a team toward shared success.
The National Center for Employee Ownership
The National Center for Employee Ownership (NCEO) is a private, nonprofit membership and research organization that serves as the leading source of information on employee stock ownership plans, equity compensation plans such as stock options, and ownership culture.
Breaking The Mold
What is workplace democracy? Workplace democracy is generally understood as the application of democratic practices, such as voting, debate and participatory decision-making systems, to the workplace.
ESOP Association Canada
The ESOP Association Canada is a non-profit organization founded to promote the concept of employee ownership for business in Canada.
Employee Ownership as Creative Capitalism
Employee ownership plans transform a company’s culture, because employees adopt the mentality of owners; they work harder and become more involved in process improvement and cost management, causing their company’s net income to increase at a faster rate.
The ESOP Association
Since its inception in 1978, The ESOP Association has represented the interests of all corporations that sponsor employee stock ownership plans, or ESOPs.
Managing an Employee-Owned Company. It’s Different. It’s Better.
Ask Don about what it’s like to run a company where the employees are stockholders, and he can wax warm and fuzzy.
The Foundation for Enterprise Development
The FED was established to promote the concept of broad-based, participative employee ownership and entrepreneurism and actively funds inter-disciplinary research and development of business school and engineering curricula.
Diamond Foods
CEO Michael Mendes has transformed a grower-owned cooperative into a publicly traded top marketer of snack foods. Diamond’s organization, culture, product development process, advertising and promotion strategy, and specifically its marketing department have been built ‘from the ground up’ to address fundamental changes in retail structure and consumer behavior. Can the Diamond model be successfully applied to other food categories?
Employee Ownership and Equity Compensation at ATA Engineering
This PowerPoint presentation is a case study that is part of Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The case study discusses ATA Engineering, Inc., a leading independent company in modal and dynamic testing of aerospace structures in the U.S. Their mission statement is to be the leading provider … Read More
Employee Ownership: A Topic for the Entrepreneurship Curriculum
This Teaching module shows four areas in the entrepreneurship curriculum where teaching about employee ownership can 1) put a needed spotlight on this widespread and useful practice and 2) add conceptual value and rich examples for the course topics being taught…
When Workers Take Charge
It’s a unique model – the worker-owned business. Some say it sounds like socialism, but these six companies say it’s helped them tough out the recession.
The Beyster Fellowship Symposium Video Series
The Beyster Fellowship Symposium brings together academic leaders and new scholars involved with evaluating broad-based employee ownership (EO) and entrepreneurism. The first symposium was held July 2009 in La Jolla, CA. Over 40 academics shared their research findings and participated in an MIT Enterprise Forum panel discussion, which was attended by more than 200 people. The following are videos of Symposium presentations highlighting multiple dimensions of the history, development, and process of employee ownership.
Communications Company Practises Full Disclosure and Transparency When Implementing ESOP
The Toronto-based advertising and communications agency recently implemented an employee share ownership plan (ESOP), that has allotted 49 per cent of the company’s shares to potential and existing staff members.
Five Key Errors in Designing Equity Compensation Plans in Closely Held Companies
I have had dozens of conversations with business owners who want to share equity with some or all employees over the past several years.
Safeguarding Employee Stock Ownership Plans: Insurance As Assurance
Through this article, we will demonstrate how the creation of private insurance coverage for ESOPs would help to eliminate, or at least reduce, the problem of the large downside risks associated with these quasi-retirement plans. In order to fully develop this assertion and the reasoning behind it, we will explore how ESOPs fit within ERISA. … Read More
Reflexite Corporation
In March, 2007, Michael Foley, Chief Executive Officer of Reflexite Corporation, had to decide whether to proceed with a change in the company’s employee stock ownership plan. Foley, still in his first year as CEO, pondered the situation: the employees had spoken, but when the man who had built the company strongly objected, shouldn’t one listen?
What is an ESOP?
What is an ESOP? Employee Stock Ownership Plans, or ESOPs, were designed as a way to put ownership into the hands of American workers.