The Institute for the Study of Employee Ownership and Profit Sharing at the Rutgers School of Management and Labor Relations has appointed 28 research fellows, executive fellows, and faculty mentors to advance the study of broad-based employee stock ownership, equity compensation, gain sharing, profit sharing, and worker cooperatives. They are:

Research Fellows

Daphne Berry, Robert W. Edwards Fellow

  • Associate Professor, Barney School of Business, University of Hartford
  • Research: Multi-year study of B Corporations and social enterprises that are ESOPs  
  • Method: Mixed methods

Janet Boguslaw, Louis O. Kelso Fellow & Wawa Inc. Fellow

  • Senior lecturer and senior scientist, Institute on Assets and Social Policy, Heller School for Social Policy and Management, Brandeis University
  • Research: Employee ownership asset building, life course, and intergenerational impacts in the U.S.
  • Method: Continuing qualitative and quantitative analysis of interviews from the Rutgers- W.K. Kellogg Foundation project on modest-income workers and the ESOP form of employee ownership

William G. Castellano, Wawa Inc. Fellow

  • Professor, Department of Human Resource Management and executive director, New Jersey/New York Center for Employee Ownership, School of Management and Labor Relations, Rutgers University
  • Research: Employee engagement in firms with employee ownership and equity compensation
  • Method: Qualitative and quantitative analysis

Joo Hun Han, Computershare Fellow in Equity Compensation

  • Assistant professor, Department of Human Resource Management, School of Management and Labor Relations, Rutgers University
  • Research: Employee equity compensation and knowledge generation in the context of a demographically diverse workforce
  • Method: Quantitative research

Jonathan Handel, Rutgers Research Fellow

  • Adjunct professor, Gould School of Law, University of Southern California
  • Research: Residuals (forms of profit and equity shares) for members of the entertainment industry and organized labor in that industry
  • Method: Mixed methods

George S. Jackson, J. Robert Beyster Fellow

  • Professor of management, business, and economics, Virginia Wesleyan University
  • Research: Analysis of the potential impacts of changes to the Internal Revenue Code on the diffusion of employee ownership
  • Method: Legal and tax analysis

Saehee Kang, Louis O. Kelso Fellow

  • Ph.D. candidate, Department of Human Resource Management, School of Management and Labor Relations, Rutgers University
  • Assistant professor, Department of Management, Marquette University (beginning summer 2019)
  • Research: Analysis of the occupational characteristics of workers with employee share ownership in the U.S.
  • Method: Quantitative analysis of the U.S. General Social Survey 

Wilma Liebman, Senior Fellow

  • Former Chair, National Labor Relations Board
  • Research: The development of new models of employment relations with employee ownership
  • Method: Legal and conceptual analysis

Christopher Mackin, Louis O. Kelso Fellow

  • Adjunct lecturer, Department of Human Resource Management, School of Management and Labor Relations, Rutgers University
  • Research: Analysis of public policy ideas to expand U.S. ESOP conversions of lower middle market private companies through the use of federal loan guarantees. 
  • Method: Mixed methods

Matthew Mazewski, Louis O. Kelso Fellow

  • Ph.D. candidate, Department of Economics, Columbia University
  • Research: Assessing the impacts of U.S. federal tax incentives for ESOP adoption, a proposed study of the “1042 Rollover”  
  • Method: Quantitative analysis linking the U.S. Census micro-data to the U.S. Department of Labor Form 5500.  

Lucas McGranahan, Louis O. Kelso Fellow

  • Senior research specialist, Great Cities Institute, University of Illinois at Chicago
  • Research: An analysis of philosophical arguments about employee ownership in the United States
  • Method: Conceptual analysis

Phil Mellizo, Joseph Cabral Distinguished Scholar and Fellow

  • Associate professor, Department of Economics, The College of Wooster
  • Study: Experimental economic laboratory studies of economic democracy
  • Method: Laboratory studies.  

Christopher Michael, Senior Fellow

  • Adjunct lecturer, Department of Labor Studies and Employment Relations, School of Management and Labor Relations, Rutgers University
  • Research: The development of employee ownership in the private equity industry: legal, social, and economic implications
  • Method: Legal and conceptual analysis

Frank I. Mullins, Corey Rosen Fellow

  • Associate professor of management, College of Management, University of Alabama at Huntsville
  • Research: Determining employee ownership through broad-based employee ownership programs: a look at the board of directors
  • Method: Development and analysis of a database using archival data from the Standard & Poors 500 companies

Dylan K. Nelson, J. Robert Beyster Fellow

  • Ph.D. candidate, Department of Sociology, University of Michigan
  • Research: The diffusion of different employee ownership forms with a special emphasis on the biotechnology industry
  • Method: Quantitative study using the U.S. Census Longitudinal Employer-Household Dynamics (LEHD) dataset

Lenore M. Palladino, Corey Rosen Fellow

  • Senior economist and policy counsel, The Roosevelt Institute
  • Assistant professor of economics and public policy, University of Massachusetts Amherst (beginning fall 2019)
  • Research: The U.K.’s inclusive ownership fund: a model for the United States?
  • Method: Quantitative, qualitative, and policy analysis

Minh Phan, Louis O. Kelso Fellow

  • Ph.D. candidate, business administration (accounting and finance), Columbia University
  • Research: Inside ownership and corporate governance in stock market companies: the role of employees in ESOPs in the market for corporate control in U.S. stock market companies
  • Method: Empirical analysis of data from the U.S. Securities and Exchange Commission (SEC) EDGAR log files, Institutional Shareholder Services (ISS), Glassdoor, and the National Center for Employee Ownership (NCEO)

Sarah Reibstein, Rutgers Research Fellow

  • Ph.D. candidate, Department of Sociology, Princeton University
  • Research: The Alaska Permanent Fund Dividend in practice
  • Method: Qualitative and ethnographic research (National Science Foundation Graduate Fellowship)

Derek E. Rowland, Louis O. Kelso Fellow

  • Ph.D. candidate, business administration, University of Wisconsin at Whitewater
  • Research: What makes ESOPs in the U.S. different from all other firms? Which characteristics of ESOPs influence employee engagement?
  • Method: Analysis of employee surveys

Katherine Tait, Rutgers Research Fellow

  • Ph.D. candidate, University of North Carolina at Chapel Hill
  • Research: Social movement dynamics and economic democracy: a comparison of ESOP firms and worker-owned cooperatives in New York City
  • Method: Mixed methods

Marshall Vance, Wawa Inc. Fellow

  • Assistant professor, Department of Accounting and Finance, Pamplin College of Business, Virginia Tech
  • Research: Employees’ responses to equity compensation
  • Method: Quantitative analysis of empirical data

Executive Fellows

Danyle Anderson

  • Executive Director, Global Equity Organization
  • Expertise: Leads the major world organization doing broad-based equity shares for major corporations worldwide and coordinates research for the organization in this area

Barbara Baksa

  • Executive Director, National Association of Stock Plan Professionals
  • Expertise: Leads the major U.S. national organization working with HR professionals and compensation professionals in companies on equity shares for employees and coordinates research for the organization in this area

David Wray

  • Former president, Profit Sharing Research Foundation; Profit Sharing Council of America; International Association for Financial Participation
  • Expertise: Led the major organizations on profit sharing in the U.S. and the world for many decades and coordinated research for the organizations in this area

Faculty Mentors and Fellows

Nicolas Aubert

  • Professor of finance, Aix-Marseille University
  • Expertise: Employee ownership scholar in France

Alex Bryson

  • Professor of quantitative social science, Department of Social Science, University College London
  • Expertise: Employee ownership scholar in the U.K.

Hamid Mehran

  • Former assistant vice president, Federal Reserve Bank of New York
  • Expertise: Economist who publishes empirical studies on employee share ownership

Virginie Pérotin

  • Professor Emerita of economics, Leeds University Business School
  • Former senior research economist, the International Labor Organization (ILO)
  • Expertise: European scholar on employee ownership