Two Portland-area businesses have joined the growing ranks of companies owned by their employees.
Read MoreWith over a quarter of a billion dollars in annual sales, Inland Seafood employees are empowered to reach even further.
Read MoreWisconsin-based company sold 100 percent of shares into Employee Stock Ownership Plan.
Read MorePresident Donald J. Trump today announced his intent to nominate Preston Rutledge of the District of Columbia to be an Assistant Secretary of Labor, Employee Benefits Security Administration.
Read MoreHubbard's Hardware will become part of employee-owned Dazey's Supply January, 2, 2018.
Read MoreThose who labor solely as wage earners all their working lives can never match the financial security that can be gained through long-term participation in an ESOP.
Read MoreEmployee Stock Ownership Plans, or ESOPs, are a way for employers to ensure that their workers have a personal stake in the success of the business.
Read MoreThere are new owners of the 13 Buehler's Fresh Foods supermarkets in Northeast Ohio. And if you've shopped at the stores, you may have seen some of them.
Read MoreMFM Building Products, based in Coshocton, Ohio, is now an ESOP (Employee Stock Ownership Plan) company as of July 1, 2017.
Read MoreThe Trump administration's tax proposal reduces tax rates for corporations and for high-income individuals, but does not do much to increase the wealth of the middle class. The only way it could do that is by reducing taxes for companies that share profits or stock with employees.
Read MoreLisa Gibson-Nicholson is a single mom who had worked a couple of different jobs before coming to Once Again Nut Butter.
Read MoreOn the heels of a recent settlement agreement with an institutional employee stock ownership plan (ESOP) trustee, the U.S. Department of Labor (DOL) and individual trustee James F. Joyner III (Joyner) entered into a settlement agreement (the Joyner Agreement) filed on Sept. 29, 2017, in the U.S. District Court for the Western District of Virginia. The Joyner Agreement settles claims against Joyner as a special trustee of the BAT Masonry Company Inc. Employee Stock Ownership Plan and Trust (the BAT ESOP).1 In this case, the DOL alleged that Joyner approved a transaction that caused BAT ESOP participants to overpay for BAT Masonry Company Inc. stock by more than $13 million.2
Read MoreOur tax code is screwed up in a thousand ways and there's scarcely a cohort in America that isn't hurt by this mess.
Read MoreLEE, Mass.--(BUSINESS WIRE)--Today, the shareholders of The Fitzpatrick Companies, Inc. have approved the decision to commence an orderly liquidation of its companies and subsidiaries, which include Country Curtains, Inc., and the Housatonic Curtain Company, Inc. This vote follows a multi-year effort to either improve operations or identify a buyer; when neither proved successful, the Board of Directors recommended in September that the company pursue an orderly closure.
Read MorePariveda Solutions, a leading management consulting firm that specializes in improving clients' performance, was recently named one of Los Angeles' "Best Places to Work" by the Los Angeles Business Journal.
Read MoreCHISHOLM, MN – Founded in 1988, Northern Habilitative Services of Chisholm, Inc. provides disability services throughout the Iron Range. On Sept. 29, 2017, the company announced the formation of an Employee Stock Ownership Plan (ESOP) which will transfer 100 percent ownership of the company for the benefit of current and future employees.
Read MoreGuardian Fleet Services has merged Kauff's Transportation Systems Inc. and Crockett's Towing LLC, converting the merged firm into an employee stock ownership plan company or ESOP.
Read MoreEarlier this year I wrote about an organization called Certified Employee-Owned (Or Certified EO) whose goal was to help raise the profile of employee-owned companies with both consumers and prospective employees.
Read MoreA federal district court judge has granted summary judgement to participant-plaintiffs in a case where plan fiduciaries failed to comply with their diversification elections in an Employee Stock Ownership Plan (ESOP) prior to the company stock collapsing.
Read MoreThe Tax Policy Center's best estimate as of August is that the administration's concepts will on average save middle-class taxpayers $760 per year, compared to saving the upper fifth of taxpayers an average of $13,600 annually — an 18 fold difference! With middle-class real wages mostly flat or declining, there's only one genuinely bipartisan tax-overhaul option for helping average Americans: Making the offering of broad-based profit sharing or employee share ownership a condition for businesses receiving corporate tax incentives.
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