News Archive

News Archive

A Pandemic Dividend For Every American
January 1, 2021
By Christopher Mackin, Richard May/The New Republic

"With vaccinations underway and the Biden administration about to assume power, attention will soon return to an assessment of the true damage that Covid-19 has wreaked on the American economy. At this moment, it's important to take stock of the various rescue measures that have been extended by the federal government and consider how they should be amended in the future." Read more...

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COULD EXPANDING EMPLOYEE OWNERSHIP BE THE NEXT BIG ECONOMIC POLICY?
December 26, 2018
By Rachel M. Cohen/The Intercept

"Two likely Democratic presidential contenders in 2020 have made quiet strides in recent years to bring into vogue a little-known policy that could reduce economic inequality -- one that harnesses current law to expand workers' ability to become owners in their place of employment." Read more...

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THE BRITISH ARE COMING -- ESOPS AND PERPETUAL TRUSTS
December 19, 2018
By Christopher Michael/Employee-Owned America

"In the United States, the employee ownership community has its favorite example: Publix Supermarkets. Founded in 1930, Publix started an employee ownership program in 1959. With more than $34 billion in revenue, Publix now manages 193,000 employees at over 1,200 establishments across seven states in the Southeast. The British have their own favorite example of employee ownership: John Lewis Partnership (which includes the Waitrose supermarket chain." Read more...

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ORGANICALLY GROWN COMPANY TRANSITIONS FROM ESOP TO PERPETUAL TRUST
August 8, 2018
By Natalie Reitman-White/Fifty by Fifty

"On July 9, Organically Grown Company (OGC) announded its tranisition from an employee-and grower-owned company one that will use a groundbreaking new stewardship ownership structure, a perpetual purpose trust. OGC is one of the first U.S. busness to use trust law to 'structure its operational and funding model to support purpsoe-based entrepreneurship, ownership and succession,' the company press release announced." Read more...

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RUTGERS LAUNCHES THE WORLD'S FIRST ACADEMIC INSTITUTE FOR THE STUDY OF EMPLOYEE OWNERSHIP AND PROFIT SHARING
March 7, 2018
Business Wire

"The Rutgers School of Management and Labor Relations today announced the launch of a global research hub dedicated to addressing economic inequality through capital shares. The Rutgers Institute for the Study of Employee Ownership and Profit Sharing will expand the School's existing research programs, develop promising scholars worldwide, and explore new collaborations, with the goal of building a more inclusive economy for workers and their families." Read more...

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EMPLOYEE OWNERSHIP CAN BOOST NY ECONOMY, FAMILIES
January 8, 2018
By Jessica Rose/Commentary

"What if there were a way to run a business that generated lasting wealth for employees and helped anchor companies in the U.S.? What if communities, entrepreneurs, and lawmakers joined efforts to promote these businesses as a way of retaining jobs and creating strong local economies? It sounds impossible but businesses that are owned by employees have all these benefits and efforts to create more of them are gaining serious momentum throughout New York." Read more...

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RUTGERS CENTER FOR EMPLOYEE OWNERSHIP ADVISORY BOARD MEMBER JOHN VITUCCI, ON THE BENEFITS OF EMPLOYEE OWNERSHIP
December 18, 2017
By Gabrielle Saulsbery/NJBIZ

"Meet up with the guys at PKF O'Connor Davies and Janney Montgomery Scott and they'll talk your ear off about ESOPs. That's because, according to John Vitucci and Robert Ibrahim, ESOPs are great for everyone from a business owner down to his or her most junior employee." Read more...

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WHY BUSINESSES SHOULD CONSIDER EMPLOYEE OWNERSHIP
November 9, 2017
By David Cruz/NJTV News

"As business founders retire and close up shop, they're inflicting what's being called a "silver tsunami" on the economy. Communities lose revenue and employees lose jobs, when selling the business to employees might be a better alternative. The Rutgers School of Management and Labor Relations has opened the New Jersey/New York Center for Employee Ownership. Its Executive Director Bill Castellano sat down with Senior Correspondent David Cruz." Read more...

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NEW RUTGERS CENTER AIMS TO SAVE JOBS THROUGH EMPLOYEE OWNERSHIP
October 15, 2017
My Central Jersey

PISCATAWAY - "The Rutgers School of Management and Labor Relations on Wednesday announced the launch of a new center to assist businesses exploring the prospect of employee ownership, a job-saving alternative to liquidation for the "Silver Tsunami" wave of retiring founders and entrepreneurs." Read more...

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N.J. EFFORT TO GET OWNERS SELLING THEIR COMPANIES...TO THEIR EMPLOYEES?
October 12, 2017
By Joe Cutter/ New Jersey 101.5

"The New Jersey/New York Center for Employee Ownership at Rutgers is working to stem the tide of the so-called "silver tusanmi" - the wave of baby boomers closing their companies to retire, leaving employees out in the cold." Read more...

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NEW RUTGERS CENTER AIMS TO SAVE JOBS THROUGH EMPLOYEE OWNERSHIP
October 11, 2017
New Jersey Business Magazine

"The Rutgers School of Management and Labor Relations announced the launch of a new center to assist businesses exploring the prospect of employee ownership, a job-saving alternative to liquidation for the "Silver Tsunami" wave of retiring founders and entrepreneurs." Read more...

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ESOPS MAY BE SMARTEST (AND SAFEST) SUCCESSION STRATEGY FOR BOOMERS
October 9, 2017
By Anjalee Khemlani/ Return on Information New Jersey

"The "silver tsunami," the phrase used to describe the large wave of retiring baby boomers, who will be needing to sell off, shut down or transfer ownership of their small to midsized companies, is upon us." Read more...

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THE EMPLOYEE OWNERSHIP TRUST, AN ESOP ALTERNATIVE
January/February 2017
By Christopher Michael/ Probate & Property, Volume 31 No.1

"For the last four decades, an employee stock ownership (ESOP) has been the optimal legal mechanism for transferring ownership of stock to employees in the company which they work.  A primary goal of ESOPs is often long-term employee ownership, as an ongoing employee reward program that leads to improvements in productivity and profitability and helps to ensure the longevity of the company." Read more...