Coops and esops

From: Dollars & Sense | Date: September 1, 1998| Author: | Copyright information

A worker-owned cooperative has three basic characteristics:

current workers (employees) own the company;

decisions regarding significant matters, such as choice of managers, is made on a one-person onevote basis;

the labor involved in running the enterprise, and the wages and other benefits that result, are shared on a democratic basis.

Hundred of traditional worker "coops" exist in the United States at present, most of them small, and no one has an accurate count of them. But the more common form of worker ownership today comes through Employee Stock Ownership Plans, or ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Worker ownership through 401(k) retirement plans: Enron's cautionary tale
; ...savings in company stock.7 Advocates of worker ownership have long touted its superiority to...that have been advanced in favor of worker ownership. Because 401(k) pension plans are...effective method for promotion of worker ownership, reform proposals that would curtail...
ESOPS
; ...is owned widely by its workers, through employee stock ownership plans, or ESOPs. During the last decade, the number of ESOPs and their control of assets has boomed. ESOPs now exist in about 11,000 U.S. companies, and in about 2,500 of them employees...
Nasscom to approach FM for removing FBT on Esops.
; Mar. 11--BANGALORE, India -- With Esops being brought under the ambit of FBT in...firms and possible fallbacks of bringing Esops under FBT. Union finance minister P Chidambaram...in his Budget last month, announced that Esops given to employees by their employers will...
Are Employee Stock Plans Being Abused? ESOPs Have Helped Workers, But They've Also Become a Takeover Weapon
; ...private industry are wondering if the rules covering ESOPs need to be changed. "ESOPs were an excellent idea and their proliferation is...done. Indeed, many members of Congress believe that ESOPs are working just as intended and that no action is...
Fringe benefit tax on Esops to hit small companies harder.
; ...ministry over fringe benefit tax (FBT) on Esops, it is the 5,500-odd small and medium IT...small companies which had decided to give Esops are now doing a rethink. We had planned...Technosoft. We had decided to dole out 15 lakh Esops to our employees with five lakh Esops over...
ESOPS let workers take stock in their jobs.(Originated from Knight-Ridder Newspapers)
; ...of small-business owners who reach for ESOPs as a way to cash out of their businesses...productivity needs, owners also are using ESOPs to attract and retain good employees. And...the ability to participate in management, ESOPs often mean greater employee productivity...
Worker ownership's uncertain future: Lessons from two decades of trials
; ...features that distinguished it from more familiar cooperative incarnations, fueled what has been called the "new wave" of worker ownership in this country. It began in 1975 with the formation of a Funding and Educational Development Organization (FEDO). FEDO...
Workers cast doubt on ESOPS. (employee stock ownership plans in the electronics industry)
; Workers cast doubt on ESOPs Throughout the 1990s, engineers can expect...number of employee stock-ownership plans (ESOPs) offered by electronics companies. By...paper, but there are pros and cons to ESOPs. Though it may be true that some ESOPs...
WORKER OWNERSHIP: OFTEN TROJAN HORSE FOR THE WELL-TO-DO
; Worker ownership is one of those ideas that it's easy to be misty about. Think of...of like Holmes and Moriarty jumping into the waterfall. Clearly, worker ownership was no magic bullet. Yet the interest in employee participation...
ESOPs: hit or myth? (employee stock ownership plans in Hawaii)
; ...clients and employees. Media Five's approach to ESOPs is one the state hopes to see more of. Last...participation boosts productivity. But are ESOPs good for business? Employers have sometimes found ESOPs attractive for reasons that have little to...