Thursday, September 3, 2020, 12:30 pm CDT
Employee ownership can be a way for business owners to provide for a sustainable, tax-favored alternative to selling out to private equity firms or large competitors. Or it can just be a way to create a more effective reward system for all employees. This seminar will look at the variety of ways companies share ownership with employees, from Employee Stock Ownership Plans (ESOPs) to individual equity grants, such as stock options, restricted stock, phantom stock and stock appreciation rights. We will look at the tax benefits, rules, plan design options, and how to decide how much to share with whom.
We will also explore how employee ownership companies share business metrics widely with employees and create high-involvement decision models so that more employees can contribute more ideas about and identify and solve more problems. The data definitively show these companies perform far better than their peers.
Finally, we will look at the impact of employee ownership of wealth insecurity, racial justice, and economic fairness.
Corey Rosen is the founder of the National Center for Employee Ownership, a private, nonprofit membership, information, and research organization in Oakland, CA. The NCEO is widely considered to be the authoritative source on broad-based employee ownership plans. He cofounded the NCEO in 1981 after working five years as a professional staff member in the U.S. Senate, where he helped draft legislation on employee ownership plans. More: https://www.nceo.org/about/board.