Benchmarking compensation data can be a critical tool to help companies make sound decisions. There are very few compensation data sources available that provide a sizable number of ESOP companies for comparison. The NCEO's Executive Compensation Survey is one of the only data sources specifically tailored to companies with ESOPs. The NCEO gathered executive and director compensation data from ESOP companies from October 2018 through April 2019. Our online survey received 419 valid responses from a diverse group of companies.
Read MoreLUBBOCK, Texas, June 24, 2019 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank, today reported its results as of and for the quarter ended March 31, 2019. [SPFI is 17.2% owned by its Employee Stock Ownership Plan.]
Read MoreDealmaking has never been a priority for Rhonda Newman. But after Remington Products Co. received an unsolicited and very attractive offer from a New York-based private equity firm, Newman felt she had to respond.
Read MoreL.D. 1520 is an opportunity to further grow employee ownership, which allows workers to fully benefit from the application of their skills and the outcomes of their efforts.
Read MoreMayville 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.
Read MoreJASPER Holdings, Inc., the parent company of Jasper Engines and Transmissions has acquired Diesel USA Group, Inc. headquartered in Louisville.
Read MoreWhen 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.
Read MoreBrookfield, 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.
Read MoreNear-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.
Read MoreThree 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.
Read MorePariveda 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 five companies include Ultimate Software, Protiviti, ZS and Boston Scientific.
Read MoreNORWALK, 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.
Read MoreBillionaire 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.
Read MoreWealth 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.
Read MoreJoseph Blasi, Rutgers University; Douglas L. Kruse, Rutgers University, and Maureen Conway, Rutgers University
Read MoreVermont Business Magazine Senator Bernie Sanders (I-Vermont), along with Kirsten Gillibrand (D-N.Y.), Sens. Patrick Leahy (D-Vt.), Maggie Hassan (D-N.H.), Jeanne Shaheen (D-N.H.) introduced two pieces of legislation to help workers around the country form employee-owned businesses. The WORK Act – modeled on the success of the Vermont Employee Ownership Center – would provide more than $45 million in funding to states to establish and expand employee ownership centers, which provide training and technical support for programs promoting employee ownership. The bill is also co-sponsored by Sens. Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.) and Elizabeth Warren (D-Mass.) and was introduced in the House by Rep. Mark Pocan (D-Wis.).
Read MoreDaily Herald's parent company diversifies to offset print declines.
Read MoreAlloy Engineering, founded in 1943 in a Rocky River home, fabricates alloy parts for high-temperature and corrosive-resistant industrial applications. It also boasts Ohio's first Employee Stock Ownership Plan, or ESOP, established in 1974. The plan is recognized as the first for an Ohio company by the Ohio Employee Ownership Center (OEOC). At 45 years old, it's also the long- est-running ESOP in the state.
Read MoreWASHINGTON, May 24, 2019 /PRNewswire/ -- Miklos Systems Inc. (MSI) of Fairfax, VA has won The ESOP Association's highest corporate honor—the ESOP Company of the Year Award. The award honors a company that actively participates in the employee ownership community and that demonstrates a dedication to The ESOP Association's vision of employee participation, wealth creation, and individual dignity and worth.
Read MoreRutgers analysis finds workers in firms with employee share ownership build greater wealth and they are six times less likely to be laid off
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