Employee Ownership Through ESOPS
Employee Ownership Through ESOPS

Author: Joseph Raphael Blasi

Publisher: Elsevier

Published: 2016-06-06

Total Pages: 131

ISBN-13: 1483140547

DOWNLOAD EBOOK

Employee Ownership Through ESOPs: Implications for the Public Corporation summarizes the large body of literature on employee stock ownership plans (ESOPs) and the phenomenon of employee ownership. The author has discovered and reviewed over 700 articles on the subject in academic and professional journals of business, labor, law, and social science since 1973. The study is divided into four parts. The first part examines law, public policy, and regulation; the status of ESOPs in the publicly held corporation; corporate uses and labor-management roles; the impact of the ESOP on labor-management cooperation and the economic performance of firms; and the future of employee ownership. The second part presents selected case studies which illustrate the range of corporate uses and benefits to workers and the difficult issues these raise. The third part presents abstracts of articles or books that are central to understanding the major findings and implications of employee ownership and gaining an ordered introduction to the field. The fourth part includes references to these abstracted materials and to the subjects discussed in the first and second sections. This study emphasizes the significance of employee ownership to corporate officers, middle managers, union officials, and/or local labor representatives and employee leaders who are associated with a publicly held company.

Increasing Firm Competitive Advantage Through Use of an Employee Stock Ownership Plan (ESOP)
Increasing Firm Competitive Advantage Through Use of an Employee Stock Ownership Plan (ESOP)

Author: Bob Jack

Publisher: Urlink Print & Media, LLC

Published: 2019-08-21

Total Pages: 100

ISBN-13: 9781643677521

DOWNLOAD EBOOK

Board directors, CEOs, and senior management teams constantly search for the competitive edge that will put their firms on top, sustain profits and increase profit potential. In this book, an employee stock ownership plan (ESOP) will be examined as a way to create distinctive competencies, create lasting competitive advantage, sustain profits and increase profit potential for a global engineering company which for the purposes of this book will be named ENGCO. As such, the book will evaluate ESOP as a strategic management resource. ESOPs unique capacity to eliminate or reduce internal weaknesses, create and reinforce internal strengths, protect against external threats and to help the firm capitalize on external opportunities will be discussed and illustrated. Of primary importance in the strategic process is the identification and creation of distinctive competencies. A distinctive competence is the corporation's unique position with regard to its competition and the company's use of its resources. Strategic management concepts, terminology and analytical methods will be applied in this integrative case study that assesses ESOP as a unique strategic resource. ACKNOWLEDGEMENT I want to acknowledge and thank Parsons Corporation's Chairman, CEO and President Charles Harrington for his contributions and assistance in this book's preparation, particularly with updating the Company's recent decision after 35 years as a 100% ESOP owned Company to again go public in 2019 through the NYSE under a highly successful Initial Public Offering. Harrington has served as Chairman and CEO since 2008 during which time the company has been highly successful and under Harrington's leadership is transforming the Company's business from an engineering and construction company into a technology based company in the high performance defense, intelligence and critical infrastructure markets. Harrington has retained the company's highly successful ESOP culture as well.

Create Amazing
Create Amazing

Author: Greg Graves

Publisher: BenBella Books

Published: 2021-04-27

Total Pages: 224

ISBN-13: 1953295231

DOWNLOAD EBOOK

Are you considering starting an Employee Stock Ownership Plan (ESOP) or converting your company to an ESOP? Or maybe making the big leap to a 100% employee-owned company? If you want your company to perform at its absolute peak and you want the people who make that happen (you included) to receive the ultimate financial return—that of an owner—Create Amazing is your practical field guide to creating an amazing company and leaving a great legacy. There are more than 10,000,000 employee owners in America today. The results of employees owning a piece of the pie has been proven throughout American history, even before ESOPs became IRS law in 1974. Employees with even a small capital interest in their firms' successes are more likely to stay, have greater loyalty and pride, are willing to work hard, and make more suggestions for improvement. Economic injustice caused by wealth disparity is quickly becoming the hottest debated topic in America especially in combination with the most regressive recession in America's history and the nation's hopeful new commitment to equalizing opportunities across all people. Employee ownership is not the only answer for economic justice but it can be a critical puzzle piece for tens of millions of Americans where the current inherent disadvantage of circumstance stands in their way. Create Amazing demonstrates how ownership can provide the ultimate competitive advantage to a growing company—and the nation. The vast majority of what's been published about employee ownership comes from academe—compelling research from Rutgers, the feds, and several national ESOP associations. Create Amazing puts ESOPs feet-on-the-ground, written by Greg Graves, a CEO who has walked the talk. Graves operated one of the most successful ESOPs in American history. Graves shares: • The history of employee ownership in America and the principles of its purpose • Why employee ownership is a viable solution fiscally and futuristically • What an ESOP is, what it does, and what's happening in Washington, DC, to promote this model • How ESOPs work, and how they're structured legally, fiduciarily, and financially • A deep dive into the impact of ESOPs on America and on employee owners personally If you're a business owner considering an ESOP start-up or transition to employee ownership, if you are a current employee owner who believes your firm can do more, or if you simply believe that our nation needs a shot of steroids to be both more productive and more just, this is the book that speaks from a real-world, executive-to-executive perspective about the process, the problems (and how to avoid them), and the deliverables. Create Amazing explores how employee ownership—done the right way—sparks an ownership mindset among employees and can be a catalytic force for economic prosperity and corporate endurance.

Junctures in Women's Leadership: Business
Junctures in Women's Leadership: Business

Author: Lisa Hetfield

Publisher: Rutgers University Press

Published: 2016-05-23

Total Pages: 197

ISBN-13: 0813575737

DOWNLOAD EBOOK

How have women managed to break through the glass ceiling of the business world, and what management techniques do they employ once they ascend to the upper echelons of power? What difficult situations have these female business leaders faced, and what strategies have they used to resolve those challenges? Junctures in Women’s Leadership: Business answers these questions by highlighting the professional accomplishments of twelve remarkable women and examining how they responded to critical leadership challenges. Some of the figures profiled in the book are household names, including lifestyle maven Martha Stewart, influential chef Alice Waters, and trailblazing African-American entrepreneur Madame C.J. Walker. Others have spent less time in the public eye, such as Johnson & Johnson executive JoAnn Heffernan Heisen, Verizon Senior Vice President Diane McCarthy, Wells Fargo technology leader Avid Modjtabai, Xerox CEO Ursula Burns, Spanx founder Sara Blakely, inventor Jane ni Dhulchaointigh, engineering firm President Roseline Marston, Calvert Investments President and CEO Barbara Krumsiek, and Merrill Lynch executive Subha Barry. These women, from diverse backgrounds, have played important roles in their respective corporations and many have worked to improve the climate for women in male-dominated industries. This is a book about women who are leading change in business. Their stories illuminate the ways women are using their power and positions—whether from the middle ranks or the top, whether from within companies or by creating their own companies. Each case study in Junctures in Women’s Leadership: Business includes a compelling and instructive story of how a woman business leader handled a critical juncture or crisis in her career. Not only does the book offer an inspiring composite portrait of women succeeding in the business world, it also provides leadership lessons that will benefit readers regardless of gender.

The Real World of Employee Ownership
The Real World of Employee Ownership

Author: John Logue

Publisher: Cornell University Press

Published: 2018-09-05

Total Pages: 264

ISBN-13: 1501728245

DOWNLOAD EBOOK

Using data from an extensive study of employee-owned companies in Ohio, where employee ownership is a well-developed trend, this book offers a strong empirical portrait of firms with Employee Stock Ownership Plans (ESOPs). It describes how these plans work and places their emergence and change in a historical context. John Logue and Jacquelyn Yates examine firms that have succeeded in employee ownership and those with failed plans. Some companies, they find, are committed to the concept of employee ownership, and others merely use ESOPs as a financing tool.Detailed information resulting from multiple surveys allows the authors to draw well-grounded conclusions regarding the question of why some employee-owned firms outperform others. The bottom line, they find, is that employee-owned firms that "do it all," implementing features such as employee participation and communication about finances, training, and cultural change, systematically outperform their conventional competitors. They also have an advantage over firms that understand employee ownership incompletely, if it all, and yet claim to adopt its methods.