The ESOP Association Blog

Covering ESOPs and employee ownership

June 2015 Roundup

It’s the last day of June so a monthly wrap-up it is!

Upcoming 2015 July events

Support for ESOPs

The June 2015 Washington Report from the ESOP Report

Welcome to new corporate members

We shared a pic of the 2015 Employee Ownership Month Poster Contest winner

Show your ownership spirit

The June 2015 ESOP Report was published

Registration is now open for the 2015 Employee Owner Retreat

Jobs remained stable in the employee stock ownership sector

ESOP advocates list

Spring Advocacy Kits

Dates announced for the 2015 Employee Owner Retreat

We noted how to access Issue Briefs and the Membership Directory on the website

Carris Reels beats the drum for ESOPs

Filed under: Chapter News, Conference Information, Economic Performance, Employee Ownership Foundation, Employee Ownership Month (EOM), ESOP Report, Government Affairs, Issue Brief, Member Services, Publication, TEA Members,

July 2015 ESOP Calendar of Events

We have some great events happening in the next few weeks. Event info, registration, links, and contact information below.

Iowa/Nebraska Chapter – 10th Annual EOF Golf Outing and Roundtables (Ashland, NE)

July 16, 2015

Iowa/Nebraska Chapter
10th Annual Employee Ownership Foundation Golf Outing and Roundtables
Agenda & Registration
Quarry Oaks
Ashland, NE 68003
2015 Sponsorship Form-IA/NE
For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122
Leading in an Ownership Setting: The Program for CEOs – Part I (Philadelphia, PA)

July 26 – 31, 2015
Employee Ownership Foundation & University of Pennsylvania’s

School of Social Policy & Practice
University of Pennsylvania
Philadelphia, PA
Contact Rosemary Clements (202) 293-2971 or rose@esopassociation.org
Registration, Tuition & Hotel Information

 

Mid Atlantic Chapter – 2015 Breakfast Meeting (Springfield, VA)

July 28, 2015
Mid Atlantic Chapter
2015 Mid Atlantic Chapter Breakfast Meeting
HOSTED BY: Mid South Building Supply
7940 Woodruff Ct.
Springfield, VA 22151
Click to register

2015 Printable Registration Form MAC July Breakfast Meeting

For more information contact Shelly Dennis at sdennis@esopexec.org or via phone at 603.756.3441

Filed under: Chapter News, Conference Information, Employee Ownership Foundation

Registration is now open for the 2015 Employee Owner Retreat!

Foundation

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. Faculty is from the Ohio Employee Ownership Center, which is affiliated with Kent State University. The Employee Owner Retreat is an educational program sponsored by the Employee Ownership Foundation.

August 13-15, 2015

Double Tree Suites-Downers Grove

2111 Butterfield Road

Downers Grove, Illinois  60515

Registration information is available on the website.

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.

 

Filed under: Conference Information, Employee Ownership Foundation,

RELEASE: Jobs Remain Stable in Employee Stock Ownership Sector of Economy

The Employee Ownership Foundation sent out the following release today.

Foundation

For Immediate Release: June 11, 2015

Jobs Remain Stable in Employee Stock Ownership Sector of Economy

June 11, 2015 (Washington, DC) – Highlighting new data from the most prestigious social survey in the U.S., the General Social Survey (GSS), the Employee Ownership Foundation today focused on convincing evidence that showed employees in the U.S. who had employee stock ownership were less likely to be laid off than employees without employee stock ownership.

The GSS — the 2014 GSS is funded primarily by the National Science Foundation and conducted by the National Opinion Research Center at the University of Chicago — found that 1.3% of employees with employee stock ownership, which includes the ESOP model and other forms of employee ownership, said that they were laid off in the last year compared to a 9.5% rate for employees without employee stock ownership.

Additionally, the survey found about 22.9 million U.S. citizens own stock in the companies in which they work.

“The 2014 GSS data demonstrates, as did the 2002, 2006, and 2010 surveys, that men and women in companies with broad-based employee stock ownership have more sustainable jobs than companies that are conventionally-owned,” said Employee Ownership Foundation President J. Michael Keeling. “Not to be dismissive of our national leaders who all claim to be the best at ‘job creation,’ it would seem to be equally important to promote vigorously national policies that result in more Americans keeping their jobs.”

The Employee Ownership Foundation provided significant funding for the GSS’s series of questions on shared capitalism. Shared capitalism is defined as broad-based employee, current or deferred stock compensation programs, such as ESOPs (employee stock ownership plans), stock purchases, stock options, gain sharing, profit sharing, and bonus programs. The shared capitalism series of questions were developed and analyzed by well-known employee ownership researchers, Dr. Joseph Blasi and Dr. Douglas Kruse at the School of Management and Labor Relations at Rutgers University and Dr. Richard Freeman at Harvard University. The researchers are continuing to analyze these and other related data from the Survey to shed light on the role of employee stock ownership in the U.S. economy.

“Not only do our national leaders, and think tanks, need to be considering a proven policy of job sustainability, but also given our nation’s growing concentration of wealth in the top 1% of our citizens, having more Americans own productive assets is important, and it is imperative that broad-based employee stock ownership be front and center of our national debate over how to have more of our citizens own stock in our capitalistic society,” Keeling added.

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

Founded in 1978, The ESOP Association is the national trade association for companies with employee stock ownership plans in America. The ESOP Association represents over 1,500 ESOP companies. More information: www.esopassociation.org and www.esopassociationblog.org.

More Information:

Amy Gwiazdowski

202/293-2971

amy@esopassociation.org

@ESOPAssociation

Filed under: Employee Ownership Foundation,

Dates Announced for the 2015 Employee Owner Retreat

Foundation

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. Faculty is from the Ohio Employee Ownership Center, which is affiliated with Kent State University. The Employee Owner Retreat is an educational program sponsored by the Employee Ownership Foundation.

August 13-15, 2015
Double Tree Suites-Downers Grove
2111 Butterfield Road
Downers Grove, Illinois  60515

Registration information will be available on the website soon.

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.

Filed under: Employee Ownership Foundation,

May 2015 Link Round Up

It’s June 1 it is which means this is your May news re-cap.

Leading in an Ownership Setting: The Program for CEOs

New Spring Advocacy Kit is available

We talked pro-ESOP legislation

We provided a legislative update on H.R. 2096 and S. 1212

May 2015 ESOP Report was published

We shared some talk about ESOPs

We talked ESOP company news

Dates were announced for the 2015 Employee Owner Retreat

S. 1212 was introduced in the Senate

Congrats to the 2015 ESOP Award & AACE Award winners

The 2015 Annual Conference App was announced

We connected at the Annual Conference with members

We announced new Chairs!

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

Leading in an Ownership Setting: The Program for CEOs

Foundation

The Employee Ownership Foundation in partnership with the School of Social Policy and Practice at the University of Pennsylvania again this year is offering:

Leading in an Ownership Setting: The Program for CEO’s.

Dates: Part 1: July 26th – July 31st

Part 2: December 6th – 9th

(participants attend both parts)

This program has been designed for incoming and current leaders of ESOP companies to provide them with understanding, skills, and frameworks that will be useful to them in successfully addressing the challenges of leading a company where the employees are owners as well as effectively leveraging the opportunities that exist when a company is employee owned.

In addition, the program creates an opportunity for leaders of ESOP companies to build a strong network with other leaders who understand and share similar situations.

To register, or to learn more about the program, click here, or call Ginny Vanderslice, Academic Director, 215.292.4865.

Filed under: Conference Information, Employee Ownership Foundation,

Dates Announced for the 2015 Employee Owner Retreat

Foundation

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. Faculty is from the Ohio Employee Ownership Center, which is affiliated with Kent State University. The Employee Owner Retreat is an educational program sponsored by the Employee Ownership Foundation.

August 13-15, 2015
Double Tree Suites-Downers Grove
2111 Butterfield Road
Downers Grove, Illinois  60515

Registration information will be available on the website in the coming weeks.

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.

Filed under: Employee Ownership Foundation,

NEWS: Cindy Turcot Elected Chair of The ESOP Association – Mark R. Lomele to Become Chair of the Employee Ownership Foundation

The ESOP Association and the Employee Ownership Foundation sent out the following releases today.

esop-logo-large1.jpgFor Immediate Release: May 1, 2015

Cindy Turcot Elected Chair of The ESOP Association

Members Installed to Board Positions

May 1, 2015 (Washington, DC) – Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company located in Burlington, Vermont, has been elected to serve as Chair of The ESOP Association. 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.

Ms. Turcot is an active member of The ESOP Association and the Association’s New England Chapter. She has served on The ESOP Association’s Board as Vice Chair for the last two years. Her term as Chair begins May 1, 2015 and will continue until April 30, 2017.

“Cindy has been active in the ESOP community and with the Association for many years,” said ESOP Association President, J. Michael Keeling. “Her contributions have increased the effectiveness of Association services and we are excited Cindy will be the Chief Elected Officer of the Association and the primary driver of the Association’s mission to advocate and educate for employee ownership for the next two years.”

In addition to Ms. Turcot’s election to Chair: David Fitz-Gerald, Vice President & CFO, Carris Reels, Inc., Proctor, Vermont will become Vice Chair; Raman Venkat, Office of the CEO/CFO, LeFiell Manufacturing Company, Santa Fe Springs, California will become Secretary/Treasurer; David L. Kelly, Vice President & Chief Financial Officer, Acadian Ambulance Service, Inc., Lafayette, Louisiana will become Immediate Past Chair. Mark R. Lomele, Senior VP & CFO, Recology, San Francisco, California will become Chair of the Employee Ownership Foundation. Joining the Association’s Board as At-Large Board Members representing corporate members: Cindy Lewis, President/CEO, AirBorn, Inc., Georgetown, Texas and Michael Willard, CEO, Salem Distributing Company, Inc., Winston Salem, North Carolina. Joining the Board as an At-Large Board Member representing a professional member: Linshuang Lu, Consultant, Praxis Consulting Group, Inc., Philadelphia, Pennsylvania. Returning Board Members: Tony Lessmeister, Manager/Integration & Configuration Center, Forsythe Technology, Inc., Skokie, Illinois, Chair of the State and Chapter Regional Council; Peter J. Shuler, Manager, Crowe Horwath LLP, Columbus, Ohio, Chair of the Advisory Committees Chairs Council.

The Board of Directors is the premier governing body of The ESOP Association. Seven members of its ten person Board of Directors are elected by the Association’s Board of Governors who are elected by Association members.

###

FoundationFor Immediate Release: May 1, 2015

Mark R. Lomele Elected Chair of the Employee Ownership Foundation

May 1, 2015 (Washington, DC) – The Employee Ownership Foundation announced today that Mark R. Lomele, Senior Vice President and Chief Financial Officer of Recology located in San Francisco, California, will take over as the new Chair of the Foundation. The Employee Ownership Foundation is a 501(c)(3) Foundation dedicated to promoting employee ownership and is an affiliate of The ESOP Association, a national trade association for employee owned companies.

Effective May 1, 2015, Mr. Lomele will take the wheel from outgoing Chair Frieda S. Takaki, President and Chief Executive Officer of CHART Rehabilitation of Hawaii, Inc. located in Honolulu, Hawaii who served as Chair of the Employee Ownership Foundation for the past four years. Ms. Takaki will become the Immediate Past Chair of the Employee Ownership Foundation.

Mr. Lomele is active in the California/Western States Chapter of The ESOP Association and has served in several leadership positions as a member of The ESOP Association. He has been very active as a Foundation Trustee and from 2011– 2013, Mr. Lomele served as Chair of The ESOP Association.

“We are excited Mark will be taking over as Chair of the Employee Ownership Foundation,” said J. Michael Keeling, President of the Employee Ownership Foundation. “He is a dynamic leader with new ideas to lead the Foundation forward.”

###

The Employee Ownership Foundation supports research, education, and public awareness of programs that will increase the level of understanding and appreciation of the benefits of employee ownership and increase the number of employees who have access to this benefit. For more information: http://www.employeeownershipfoundation.org. The Employee Ownership Foundation is The ESOP Association’s affiliated 501 (c)(3) organization dedicated to promoting employee ownership.

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.

More Information:

Amy Gwiazdowski

202/293-2971

amy@esopassociation.org

@ESOPAssociation

Filed under: Employee Ownership Foundation, TEA Members,

Ready Your Bids – Foundation to Hold Silent Auction at the 38th Annual Conference

Foundation

On May 7 & 8, 2015, the Employee Ownership Foundation will hold a silent auction at The ESOP Association’s 38th Annual Conference in Washington, DC to benefit the Foundation and to support Foundation programs that aim to increase awareness of employee ownership in America.

The list of auction items so far:

  • Eileen Fisher $250 Gift Card
  • Gift Card from Dansko, Inc.
  • Two Gift Baskets from Superior Farms
  • BEATS Speaker
  • BEATS Adaptive Noise Cancelling Headphones
  • $200 Gift Certificate from Gardener’s Supply Co.
  • Gift Basket from The King Arthur Flour Company
  • Gift Basket from New Belgium Brewing Company, Inc.
  • Gift Basket from Harpoon Brewery
  • FitBit
  • Wine Glasses from Mountain Hardware

Come prepared to bid on a favorite prize and support the Foundation and employee ownership in America!

More information as well as Conference registration can be found here.

Join us Washington, DC for a celebration of employee ownership!

Filed under: Conference Information, Employee Ownership Foundation, ,

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