ESOPs

/Tag: ESOPs

Macaran becomes 100% employee-owned

Macaran Printed Products a division of W.N. Van Alstine and Sons, Inc. has announced that the company has become a 100% employee-owned entity, converting to an Employee Stock Ownership Plan (ESOP) which became effective earlier this year. Macaran, a high definition pressure sensitive label converter in Cohoes, NY, was founded more than 44 years ago and

ESOPs Fables

We all know how unprepared Americans are as a whole are for retirement. Just google “retirement crisis.” The statistics are ugly. There are too many reasons to list as reasons why many Americans do not have enough money saved for retirement. Stagnant wages coupled with rising life expectancies, healthcare costs, tuition costs, and housing costs all surely contribute.

How customers benefit from partnering with employee-owned businesses

Each October, the spirit of employee ownership is highlighted during Employee Ownership Month, an ideal time to boost awareness for employee stock ownership plans (ESOPs) and their benefit to companies, employees and communities at large. Leading the charge in Employee Ownership Month is The ESOP Association, which believes employee-ownership improves American competitiveness, increases productivity in the

Quiz: Is an Employee Stock Ownership Plan Right for My Business?

Employee Stock Ownership Plans, or ESOPs, are a terrific type of employee benefit plan.  They are also a way for a small business owner to cash out and exit the business — and save on taxes.  The quiz below will help answer the question “is an Employee Stock Ownership Plan right for my business?” About

Benching your VC: The employee buyout playbook

Grow or sell? It’s the ultimate dilemma for startups. This dilemma can become even more acute when you’re the CEO of a VC-funded startup. You want to develop your product, while driving sales and marketing, so that the business can reach its full potential, but your VC’s fund has reached maturity and they want you to sell

Forcing companies to share the wealth with employees could save capitalism

Americans are working hard, but employers aren’t necessarily working for them. Now a radical idea to guarantee U.S. workers a cut of their company’s profits could one day force employers to cough up more of the wealth. While established profit-sharing and equity-ownership programs already give a financial boost to many American workers, and enjoy bipartisan

Top 10 Ideas That Show Business Roundtable CEOs How To Create Value For All Stakeholders

We are in the process of putting into practice a new social contract between business and society. The most recent evidence is the Business Roundtable’s August announcement that 181 CEOs of America’s largest companies were committed “to lead for the benefit of all stakeholders.” As I wrote with my fellow co-founders of the B Corp movement: “While it

6 Ways CEOs Can Prove They Care About More Than Shareholder Value

Somewhere, Milton Friedman must be spinning. Whatever they thought they were doing, the 181 CEOs who signed the Business Roundtable’s breakthrough statement on the purpose of corporations embraced a much wider interpretation of corporate responsibility—signalling the beginning of the end for the shareholder primacy cult. The pressure on business leaders to declare and deliver against a wider social

Election 2020 and Taxes — A Better Way To Address Wealth Inequality

The drums sound as to income and wealth inequality as an issue for the 2020 Democratic Presidential primaries.  The loudest voices calling for increasing taxes on owners, investors and entrepreneurs – with a view that raising taxes on high-end income families is a good in of itself. All this jawing on hiking taxes on owners/investors/entrepreneurs

More stocks for all Americans may be a better wealth redistribution method

Democratic Party leaders have made Wall Street “greed” and corporate financial engineering, such as stock buybacks, a priority of efforts to reduce wealth inequality. Policy recommendations to tax stock market gains and target private equity are popular, but one idea that many high-profile Democratic hopefuls have supported in the past has not received much attention

Fighting Capitalism With Capitalism

As a human-resources professional, Jennifer Briggs got used to firing people. She’d refer to it as “layoffs,” “right-sizing,” or whatever euphemism her employer wanted her to use at the time. She was a foster child turned single mother who had relied on food banks to feed her kids, and, as unpleasant as it was, managing

Who’s the boss? In worker-owned cooperatives, everyone is.

The chain of command at PV Squared, a solar panel installation company in Massachusetts’s Pioneer Valley, is admittedly convoluted.  “Technically, I’m Kim’s boss,” says general manager Jonathan Gregory of bookkeeper Kim Pinkham. But “Kim’s on the board, and the board oversees my position, so technically she’s my boss.” As members of a worker-owned cooperative, the

The workers have become the owners at this Bangor construction company

As Scott Dunbar and Alan Brawn eyed retirement in recent years, they had to make some serious decisions about the Bangor construction company they started 16 years ago. They could sell Dunbar and Brawn Construction to a competitor. They could simply close the doors of their headquarters on Hildreth Street and sell off the property.

Business ServicesESOPs Offer Advantages to Sellers, Buyers, Employees

Are Employee Stock Ownership Plans the key to sustainable business in the Mahoning Valley?  As privately held business owners approach their 60s and 70s, a looming question before them is how to transition into retirement, while ensuring that their life’s work in businesses they built from the ground up continue to grow. Many local businesses

Staff stock options plan can help bridge the wealth gap

Remember when they said that a rising tide lifts all boats? Well, that wasn’t entirely true. Africa had some of the fastest growing economies in the world posting an average of 5.4 percent of gross domestic product (GDP) growth between 2000 and 2010, adding about Sh7.5 trillion annually to GDP. McKinsey Global Institute even described

Saalex Becomes Employee-Owned Company

Saalex Corp. has announced that the company is now owned by its employees through an employee stock ownership plan. Employees of the Camarillo engineering and information technology services company will receive stock allocations annually that will vest over a period of time and increase in value as the company grows. Chief Executive Travis Mack said

How to create a construction company legacy

Every construction company and its owners eventually face succession issues. Owners who choose to ignore succession planning until an unexpected event forces the issue may face fewer choices, little time to react and a decrease in company value. However, proper planning can create peace of mind and increase the chances of a smooth transition that

Studying Ways to Reshape the Workplace and Boost Middle Class Wealth

Hiring a diverse workforce enables companies to tap a larger pool of knowledge and perspectives, creating opportunities for significant growth. It can also lead to the occasional conflict, as employees from vastly different backgrounds must learn to coexist. Joo Hun Han, an assistant professor of human resource management at the School of Management and Labor

Blue-collar capitalists

IDA TARBELL, the huge muckraker of the early twentieth century, not simplest wielded her pen against Standard Oil. She also feeble it to advocate for better versions of capitalism. In “Recent Ideals in Enterprise”, a e book from 1916, she explained how William Cooper Procter, a pioneering Episcopalian, launched profit sharing in 1887 and come