At The ESOP Association’s 35th Annual Conference in Washington, DC, Senator Mitch McConnell (R-KY) delivered, by video, a message to ESOP Association members during the Employee Ownership Foundation Luncheon on May 10th.
A long-time advocate for ESOP companies in Kentucky, Senator McConnell’s message to Association members encouraged everyone to talk to their member of Congress about ESOPs and employee ownership. He specifically cited figures from the 2010 General Social Survey proving employee stock ownership companies were more than four times less likely to lay off employees than conventionally owned firms during the 2009 recession. The Employee Ownership Foundation is the primary funding source for questions on the survey about employee ownership in the U.S.
“We thank Senator McConnell for taping this message to members of The ESOP Association,” said ESOP Association J. Michael Keeling. “It’s important for us, as a community, to remember how vital it is to share information with members of Congress that proves employee stock ownership is good for America.”
The video of the Senator’s remarks is now available on The ESOP Association’s YouTube Channel. You can also watch the video below.