If Bob Moore is any example, doing what you love for a living and sharing your wealth with employees will keep you vibrant and happy well into your 90s.
Read MorePLYMOUTH, MA — Tricia Mackey and Mark Strangie are locked in lighthearted conversation at Tech-Etch Inc. in Plymouth. When they finally part, the flexible circuit technician says, half-jokingly, to the vice president of sales and marketing, "OK. Get back to work!"
Read MoreMemphis, TN – Memphis-based third-party logistics provider, Cornerstone Systems, Inc. announced that it is now a 100 percent employee owned company as Founder/Chairman Rick Rodell sold his last 51 percent.
Read MoreAURORA, Colo. — Cassie Larimer is the assistant director of Happy Ladybug Early Learning, a child care center and preschool tucked into a one-story brick building in this city east of Denver. But her new business cards, emblazoned with a cheery ladybug logo, just say "owner."
Read MoreESOP company boards and ESOP trustees both have fiduciary obligations under ERISA to act in the best interests of employees as shareholders. It is very important that the board and trustee understand their own and each other's duties as well as how they need to work together on the following issues:
Read MoreThanks largely to Jimmie Gipson, many of Bowling Green-based Houchens Industries' employees have been able to enjoy comfortable retirements. Now Gipson is ready to join them.
Read MoreGreenScapes Landscape Company Inc. is the latest in a line of Columbus companies to transition to employee ownership.
Read MoreOn January 14, 2020, the U.S. Supreme Court issued a per curiam order in Retirement Plans Committee of IBM v. Jander[1] ("Jander"), a closely watched case regarding the pleading standard for corporate stock-drop and disclosure claims under the Employee Retirement Income Security Act ("ERISA").
Read MoreCLEVELAND, OHIO, Jan. 7, 2020 -- Palmer Holland, a North American specialty chemical and ingredient distributor of raw materials, converted to a privately held Employee Stock Ownership Plan (ESOP) with an ownership team made entirely of employees.
Read MoreGREEN, OH — Kovatch Castings Inc. (KCI), located at 3743 Tabs Drive, has adopted an Employee Stock Ownership Plan (ESOP).
Read MoreALLENTOWN, Pa., Jan. 8, 2020 /PRNewswire-PRWeb/ -- Through an exciting and culture enhancing transaction Andesa Services, Inc is pleased to announce their 165 employees now own 100 percent of the company, through an employee stock ownership plan (ESOP) executed by the Shareholders earlier today. An ESOP is an employee benefit plan which provides company stock to employees as part of their retirement benefit. The ESOP is in addition to Andesa's existing 401(k) retirement program.
Read MoreNAPA, Calif.--(BUSINESS WIRE)--One of the largest suppliers of wine to the world's airlines and cruise ships has become 100 percent employee owned.
Read MorePAQ Inc., an independent franchisee of Food 4 Less operating 20 stores in central and northern California, has created an employee-owned stock ownership plan (ESOP) in light of the retirement of owners Patricia and John Quinn. Business partner Glenn Evans will remain with the company as chairman of the board. The three partners founded the business in 1995.
Read More(CNN) For many entrepreneurs, the ultimate goal is to take their company public. But for fashion designer Eileen Fisher, staying private and giving her employees a share of the business has allowed her to carve her own path to success.
Read More