Employee stock ownership plan (ESOP)

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This Acquisition Won’t Hang Workers Out to Dry

Brett Jones plans to arrange at least sixteen acquisitions over the next five years. He just closed on the first one.

Since they became widespread among private equity firms in the 1980s, acquisition strategies, including leveraged buyouts, have become a key part of the playbook leading to the demise of many iconic U.S. companies — including 

Employees Now Own AMS Retail Solutions

It’s not every day that you walk into work and the company President announces, “You now own the company!” However, that’s what happened at AMS Retail Solutions (AMS) in Mooresville, NC, to kick off the company’s 20th Anniversary year. The nearly 500-person retail merchandising consulting firm works with large, global brands across all 50 states and Canada. Today, AMS

Bernie Sanders Wants Companies to Give Employees Ownership

Bernie Sanders, one of the leading Democratic candidates for the presidency in 2020, recently revived his push to give American workers more ownership of the businesses they work for. The Vermont senator told the Washington Postlate last month that businesses should be required to put some of their stocks into

We bought the company! Vermont takes leading role in employee-owned businesses

Jason Patnaude calls it the worst day of his life. Patnaude, 54, attended vocational school in Essex after graduating high school, leaving early to install Megabucks machines. Two and a half years later, he was let go when the machines became obsolete. “My daughter was three months old, we built a house, and bought a

Employees Take Ownership of Chelsea Green

Vermont-based Chelsea Green Publishing is now fully employee-owned, marking the completion of an eight-year transition initiated by founders Margo and Ian Baldwin. Through an employee stock-ownership plan (ESOP), the company purchased ownership shares from the Baldwins on behalf of the 25 employees who are now the owners of the independent publishing house.

“We have

Jasper Engines announces record-setting employee share value

Associate-owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value announcement on April 26.

A total of nearly $12,000,000 in new shares were distributed to over 2,400 eligible associate-owners.

JASPER share value continues to experience rocket ship growth since the inception of its ESOP in 2009 at

The wealthiest 1,000: How they made their money and why can’t we do the same?

How rich are the rich? Well, Bill Gates has $75 billion, Warren Buffet $60.8 billion and Mark Zuckerberg about $44.6 billion. The people in the top 1 percent have so many assets that they own half the wealth on the planet, as reported by Credit Suisse. Specifically, 30 of the wealthiest individuals own as much