11/22/99: In the National Center for Employee Ownership's Employee Ownership Update for November 22, 1999, executive director Corey Rosen discusses the fate of the ESOP S corporation reform legislation and the growth of stock plans in multinational corporations. Excerpt:
At least 100
large US multinationals now have plans that offer
options or similar equity packages to most or all of
their employees worldwide, covering millions of
employees. A growing number of smaller companies and
companies in the UK, Continental Europe, and
elsewhere are joining the trend as well. Finnish
companies seem to be taking the lead. Erriki
Helaniemi of Alexander Corporate Finance in Helsinki
reports that 70% of the Finnish companies that offer
options offer them to all employees. Most Finnish
companies have operations abroad, and extend these
plans to employees there as well.
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