DATE RELEASED: 06/13/19

MAYVILLE, Wis.--(BUSINESS WIRE)--

Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services, today announced that the Company's board of directors has authorized a share repurchase program of up to $4.0 million of shares of the Company's common stock.

The program will allow the Company to use the...

DATE RELEASED: 06/10/19

When people think of employee-owned businesses, large companies such as grocery chain WinCo — with scores of locations across the western U.S. — spring to mind, said Poncho Baker, the new CEO of Ritchie Trucking in Fresno.

But for owners who want to see their business and life's work continue, and for workers looking for job security and a larger stake in what they've helped build, transferring ownership via an employee-stock ownership program (ESOP) can mean keeping the integrity and...

DATE RELEASED: 06/08/19

Brookfield, Wis. (May 9, 2018) – OwnersEdge Inc., an ESOP holding company based in Brookfield, has acquired QComp Technologies, a robotic systems integrator in the Fox Valley that serves clients throughout the United States and Canada. OwnersEdge now has four 100% employee-owned companies – BAYCOM Inc., CC&N, QComp Technologies and TourGuide Solutions – and more than 300 employees.

"QComp has been on...

DATE RELEASED: 06/07/19

Near-record-low unemployment has companies fumbling to find the best ways to recruit and retain workers. Our research suggests a sure-fire way to do just that: Give them a real stake. By that we simply mean sharing some of the profits and even ownership with the men and women who are fundamental to their companies' success.

Most Americans say they want it. A recent government survey found that vast majorities of respondents across the political spectrum prefer to work for an employee-...

DATE RELEASED: 06/05/19

Dive Brief:

Pariveda Solutions took the top spot of Fairygodboss's Best Companies for Women in 2019. Described as an employee-owned strategic services and IT consulting firm, Pariveda Solutions earned the highest score (99) from its employees for being a workplace offering clear career advancement, pay transparency, a mentorship program and an Esprit de Femme program to help women share and discuss new ideas. Along with Pariveda, the top...

DATE RELEASED: 06/05/19

Three former employees of America's largest hearing aid manufacturer, Starkey Hearing Technologies, are suing the company and a group of its current and former executives for failing to uphold their fiduciary duties tied to an employee stock ownership program.

The suit, filed in Minnesota district court on Monday, alleges that the program lost nearly $37 million, and had a net loss of almost $4 million between 2008 and 2017 when the ESOP was closed.

This suit comes a year after...

DATE RELEASED: 06/04/19

NORWALK, Conn., Jun 04, 2019 (SEND2PRESS NEWSWIRE) — Best Friends Pet Hotel, a national operator of pet hotels with 30 locations throughout the United States offering boarding, grooming, doggy day camp, training and retail services at each of its locations, announced today its Employee Stock Ownership Plan, or ESOP, acquisition led by Mosaic Capital Partners.

With this ESOP transaction, Best Friends has become the largest employee-owned company in the Pet Care industry. Jared Pinsker,...

DATE RELEASED: 06/03/19

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn't involve dismantling capitalism: Business owners should give all their employees equity.

"The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they're always going to fall behind," Cuban told Recode Decode with Kara Swisher at the 2019 SALT Conference in Las Vegas. "And income distribution is ... [...

DATE RELEASED: 05/31/19

Wealth inequality is gearing up to be a major issue in the 2020 election and one possible solution growing in popularity is the idea of employee ownership.

Presidential hopefuls including Sen. Elizabeth Warren (D-Mass.), Sen. Bernie Sanders (I-VT), and Sen. Kristen Gillibrand (D-NY) are turning to the idea of expanding worker ownership in corporations as a means of addressing wealth inequality.

Expanding employee ownership could dramatically change the economy's power structure,...

DATE RELEASED: 05/30/19

Joseph Blasi, Rutgers University; Douglas L. Kruse, Rutgers University, and Maureen Conway, Rutgers University

(THE CONVERSATION) Near-record low unemploymenthas companies fumbling to find the best ways to recruit and retain workers. Our research suggests a sure-fire way to do just that: give them a real stake.

By that we simply mean sharing some of the profits and even ownership with the men and women who are fundamental to their companies' success.

Most Americans say they...

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