Two likely Democratic presidential contenders in 2020 have made quiet strides in recent years to bring into vogue a little-known policy that could reduce economic inequality — one that harnesses current law to expand workers' ability to become owners in their place of employment.
Read MoreSteve Smith has a special place in his heart for the art of vacuuming. When he was cutting his teeth in the grocery store business in Virginia and Kentucky, Smith took solace in the fact that "going to the grocery store" was the only family task that ranked above vacuuming.
Read MoreWORCESTER — When Wirefab Inc. President James Samsel highlights his firm's minimal employee turnover rate, he frames it as a good-news bad-news scenario.
Read MoreMuch has been written about the growing trend of income inequality in the US; we hear less often about the wealth divide, which is even more stark. While the top 10 percent of US households today own 51 percent of the country's wealth, the bottom 50 percent own one percent. With no savings to fall back on, families cannot manage emergency expenses—their cars break down and they can't get to work; they fall behind on the rent and face eviction; a medical expense sends them into bankruptcy. This is the real failure of the American economy: 40 percent of families can't manage a $400 emergency expense.
Read MoreWith the U.S. economy in a prolonged upswing, it is time for economic policy to focus on challenges that not long ago might have seemed less immediate. One notable and vital challenge for policymakers is to ensure that American families have adequate savings for retirement.
Read MoreDestinations by Design (DBD), a provider of high-quality destination management and event services to the incentive and corporate markets in Las Vegas for 28 years, has announced that effective November 5, 2018, the company's stock has been sold to its employees through an Employee Stock Ownership Plan (ESOP).
Read MoreThe shareholders of Miller/Howard Investments, Inc., an East Coast based money manager, have sold 100% of their ownership to its newly-formed ESOP. The ownership transaction will facilitate a transition of day to day management to a new generation of employees. All employees of the firm will now enjoy the benefits of ownership as ESOP participants. This was a complicated deal due to the regulatory and compliance requirements related to investment management companies and Pilot Hill Advisors is proud to have assisted Miller/Howard on this successful transaction.
Read MoreTodd Moreland says he wanted to be an electrician since he was 16 years old at Ooltewah High School, following in the footsteps of both his father and grandfather.
Read MoreBurlington, Vermont, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Gardener's Supply, one of the nation's largest multi-channel marketers of gardening products and accessories, has announced a new organizational structure and management team. Gardener's Supply was founded by Will Raap in 1983 in Burlington, VT, and is 100% employee-owned. The management change will support the company's growth and plans to expand retail capacity to reach existing and new customers across the U.S.
Read MoreCINCINNATI--(BUSINESS WIRE)--Oct 9, 2018--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.7172 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after November 15, 2018 to Common Stock shareholders of record at the close of business on October 19, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on October 19, 2018.
Read MoreA letter to the president from members of Congress asks for protection against the DOL's practice of "regulation through litigation."
Read MoreAstro Machine Works has been a staple in the Lancaster County economy since 1984 and continues to be an industry leader in custom machining and fabrication. Located in Ephrata the company has expanded to over 100 employees during their 34 years in business and almost quadrupled their sales from 2006 to 2017 to just under $26 million.
Read MorePresident Donald Trump this week received a letter from 27 influential members of the House of Representatives, urging him to rein in overzealous and unfair enforcement of regulations that apply to ESOP companies.
Read MoreA significant split among circuit courts on this issue remains unresolved.
Read MoreWalmart-backed Flipkart will offer its employees an opportunity to cash in on part of their stockholding in the company at $126-128 per share, according to an e-mail to staff.
Read MoreWhen the owners of Mountainland Supply in Orem, Utah, were ready to get liquidity for their ownership, they could have sold to an outsider.
Read MoreSummit, NJ: Pilot Hill Advisors LLC is pleased to announce the newly formed Employee Stock Ownership Plan (ESOP) of Wright Architectural Millwork Corp. recently acquired 100% of the company's shares.
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