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Employee Ownership Update for December 15, 2004
National Center for Employee Ownership [NCEO]
Dec. 15, 2004
NCEO Executive Director Corey Rosen discusses how manufacturing companies still dominate a list of majority ESOP-owned companies; the SEC's approval of a program in which Comcast employees will tender (mostly underwater) options to the company, which will cancel the options and in turn sell equivalent options to JPMorgan and then pay the employees with the cash received; and two new studies by Watson Wyatt on the patterns of employee stock option exercises.
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