The ESOP Association Blog

Covering ESOPs and employee ownership

2015 Edmunson Scholarships

Foundation

The Employee Ownership Foundation will be accepting applications for the 2015 Charles R. Edmunson Scholarships early next year. Deadline information will be announced on the Employee Ownership Foundation website in the coming weeks.

This Scholarship program honors employee ownership leader and advocate Charles R. Edmunson who dedicated a significant part of his life to educating employee owners of the benefits of widespread ownership in a free enterprise system. Mr. Edmunson was also instrumental in the creation of the Employee Ownership Foundation.

An Edmunson Scholarship awards an ESOP employer up to $1,250 to defray the expense of sending employee owners to employee ownership training programs such as the Employee Ownership Foundation’s Employee Owner Retreat or the Association Annual Conference in Washington, DC. The Scholarship may also be used for Association Chapter and Regional Conferences. The Scholarship is for non-managerial employee owners.

Filed under: Employee Ownership Foundation, ,

Employee Ownership Foundation, 2014 Las Vegas Conference Discussion

Employee Ownership Foundation President, J. Michael Keeling, discusses the Foundation’s work which was on display at the Foundation lunch held during The ESOP Association’s 2014 Las Vegas Conference and Trade Show in November 2014.

Filed under: Employee Ownership Foundation,

Employee Ownership Foundation Meets Goal…and Goes Even Higher!

FoundationThe trustees of the Employee Ownership Foundation set of goal of raising $125,000 at the 2014 Las Vegas Conference & Trade Show. This year, the Employee Ownership Foundation raised $133,000 to support the ongoing programs of the Foundation — going above and beyond the goal!

“A sincere thank you to all those who supported, and continue to support, the Foundation. You are helping to further the cause of employee ownership in America,” J. Michael Keeling, president of the Employee Ownership Foundation.

The Employee Ownership Foundation is a qualified 501(c)(3) nonprofit organization. Contributions to the Foundation are tax-deductible. There is still time to donate in 2014 and make a difference in the employee ownership community. For more information: http://www.employeeownershipfoundation.org/howtohelp.html.

Gwenn and Duff - ref goal 1

Employee Ownership Foundation Lunch Video

The video that was shown at the Employee Ownership Foundation Lunch at the Las Vegas Conference & Trade Show that highlighted the work of the Foundation and media coverage of the book, The Citizen’s Share, is below.

Filed under: Employee Ownership Foundation

Employee Ownership Foundation Lunch Video

We wanted to share with our readers a video that debuted at The ESOP Association’s Las Vegas Conference & Trade Show last week. The following video aired at the Employee Ownership Foundation Luncheon held on Thursday, November 13, 2014 and highlights a few of the Foundation’s projects in 2014 as well as media coverage of the book, The Citizen’s Share by Dr. Joseph Blasi, Dr. Richard Freeman, and Dr. Douglas Kruse.

 

Filed under: Employee Ownership Foundation, Employee Ownership Message, , ,

Foundation Activities at the 2014 Las Vegas Conference & Trade Show

esop-slide-template - 2014 Vegas Conference

Are you joining The ESOP Association at the 2014 Las Vegas Conference & Trade Show at Caesars Palace this November 13th and 14th? Don’t forget to stop by the Employee Ownership Foundation booth located in the Palace Ballroom area for Foundation news and information.

Foundation Fundraising!

This year, the Employee Ownership Foundation will be reaching for a goal of $125,000 to support Foundation programming. Please stop by and help the Foundation reach its goal!

Filed under: Conference Information, Employee Ownership Foundation,

Release: ESOP Companies Report Economic Growth in 2013

We normally don’t post more than once a day but we wanted to share this release sent out by the Employee Ownership Foundation today announcing the results of the 23rd Annual Economic Performance Survey.

FoundationFor Immediate Release: September 15, 2014

ESOP Companies Report Economic Growth in 2013

September 15, 2014 (Washington, DC) – Results from the Employee Ownership Foundation’s 23rd Annual Economic Performance Survey of ESOP (employee stock ownership plan) companies show that ESOPs continue to see increased economic growth. Additionally, ESOP companies continue to have increased share value, report high productivity among employee owners, and have overwhelming support for the ESOP among leaders of the companies, according to the results of this 2014 survey which was conducted among members of The ESOP Association in the summer of 2014.

Since the Employee Ownership Foundation’s annual economic survey began 23 years ago, a very high percentage, 93% of survey respondents, have consistently agreed that creating employee ownership through an ESOP was “a good business decision that has helped the company.” It should be noted that this figure has been over 85% for the last 14 years the survey has been conducted. In addition, 76% of respondents indicated the ESOP positively affected the overall productivity of the employee owners. In terms of revenue and profitability — 70% of respondents noted that revenue increased and 64% of respondents reported that profitability increased. In terms of stock value, the majority of respondents, 80%, stated the company’s stock value increased as determined by outside independent valuations; 18% of the respondents reported a decline in share value; 2% reported no change. The survey also asked respondents what year the ESOP was established. Among those responding to this survey, the average age of the ESOP was 16 years with the average year for establishment being 1998.

“As we’ve said before, research proves that ESOPs, and companies with other forms of broad-based employee ownership, provide more sustainable employment for U.S. workers,” said Employee Ownership Foundation President, J. Michael Keeling. “Our national leaders need to take note, step up, and encourage broad-based inclusive capitalism and increase employee ownership to ensure sustainable employment and more income for average pay employee owners. It’s the best jobs policy we have in this country.”

The survey asked companies to indicate their performance in 2013 relative to 2012:

  • 65% indicated a better performance; 21% indicated a worse performance; and 14% indicated a nearly identical performance to the previous year
  • 70% indicated revenue increased; 30% indicated revenue decreased
  • 64% indicated profitability increased; 36% indicated profitability decreased
  • 64% of companies have created an ESOP education program or ESOP advisory committee since establishing the ESOP

The 2014 Economic Performance Survey was distributed by the Employee Ownership Foundation to The ESOP Association’s 1,500+ members in June 2014. The results are based on 503 responses, a 34% response rate.

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The Employee Ownership Foundation is The ESOP Association’s affiliated 501 (c)(3) organization dedicated to promoting employee ownership – www.employeeownershipfoundation.org.

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website – www.esopassociation.org and blog – www.esopassociationblog.org.

Filed under: Economic Performance, Employee Ownership Foundation, Retirement Issues,

The Founding Fathers Feared a Powerful One Percent

Dr. Joseph Blasi, a preeminent researcher of employee ownership, published an interesting article on the founding fathers and how they feared a powerful one percent. We thought we’d share a link to the article with our readers today.

The Founding Fathers backed Thomas Piketty – and feared a powerful 1 percent

This 4th of July, remember the truth about founding fathers, and their prescient warnings about income inequality

Filed under: Employee Ownership Foundation, Employee Ownership Message, ,

May 2014 Wrap-Up

It’s June and that means it’s time for a May link round up.

Moody’s Collision Centers, Inc. hosted an event with Senator Susan Collins in Gorham, ME

We shared a photo of the 2014 Employee Ownership Month Poster Contest Winner

The May 2014 ESOP Report was released

We highlighted the ABCs of ESOPs

The Employee Owner Retreat is open for registration

Big G Express hosted at event with Congresswoman Diane Black in Shelbyville, TN

We shared some photos from the 2014 Annual Conference in Washington, DC

The Leading in an Ownership Setting Program is open for registration

We featured items from the Employee Ownership Foundation Auction that took place at the Annual Conference

We announced the 2014 ESOP Award Winners

We shared video highlights from the Awards Ceremony

We shared a link to the Annual Conference Lobbying Kit

We extended an invitation to Conference attendees to visit the AACE Awards display

The Annual Conference App was announced

Filed under: AACE - Annual Awards for Communications Excellence, Conference Information, Employee Ownership Foundation, Employee Ownership Month (EOM), Government Affairs, Member Services, Publication, Silver ESOP Awards, TEA Members,

2014 Employee Owner Retreat

The Employee Owner Retreat is a course in capitalism for average pay employees that enhances each participant’s understanding of, and contribution to, her or his ESOP company.

2014 Employee Owner Retreat

August 14 – 16, 2014

Doubletree Suites

2111 Butterfield Rd

Downers Grove, IL 60515

Questions? Contact: Maya Van Buren 202-293-2971, meetings AT esopassociation.org or Chris Cooper at the Ohio Employee Ownership Center 330-672-0338, ccooper1 AT kent.edu.

More information about the Employee Owner Retreat.

Filed under: Conference Information, Employee Ownership Foundation, ,

2014 Leading in an Ownership Setting: The Program for CEOs

FoundationThe Employee Ownership Foundation and the University of Pennsylvania’s School of Social Policy and Practice offer CEOs/Presidents and/or the CEO/President designee, of ESOP companies a breakthrough Certificate Program — Leading in an Ownership Setting: The Program for CEOs.

This ESOP Leadership program is focused on enhancing each participant’s leadership effectiveness in his or her own company.

Session Dates: Session I: June 15 – 20, 2014, Session II: October 19 – 22, 2014

Gettysburg Tour: June 21, 2014 (Optional Leadership Lessons Tour at Gettysburg)

Tuition: $11,000 (ESOP Association Members), $13,000 (Non-Members)

Who should attend? CEOs, Presidents, and CEO/President formal designees, or other designated functional leader of the company.

  • To have the time to reflect on your leadership strengths and impact
  • To become more aware of effectively driving your leadership agenda
  • To learn about new leadership tools for strengthening your effectiveness
  • To gain skills for increasing your team’s effectiveness
  • To enhance your ability to coach team members
  • To create a more coherent plan for building your firm’s culture
  • To maximize the performance opportunity of employee ownership
  • To strengthen your firm’s succession system to sustain your company

Location: The Certificate Program will be held on the campus of the University of Pennsylvania. One of the most beautiful of the Ivy League institutions with green lawns, landmark architecture, a rich “university city” cultural life, and all of Penn’s 12 graduate and professional schools within walking distance of one another.

Questions about registration for this prestigious program, contact Rosemary Clements at rose AT esopassociation.org or 202-293-2971. For more information about program content, contact Ginny Vanderslice at virginiv AT sas.upenn.edu or 215-292-4865.

Filed under: Employee Ownership Foundation, ,

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