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Employee Ownership Update for May 11, 1999
National Center for Employee Ownership [NCEO]Link to more items from this source
May 11, 1999
Items include: Ways and Means Majority Supports ESOP S Corporation Benefits; New UK Ownership Plan Proposed. Excerpt: "The Congressional letters make passage of the Clinton proposal extremely unlikely, though not impossible. Chances for legislation addressing the abuses of the law, however, look better. The most common proposed abuse is for companies to set up tiered ownership arrangements where an S corporation owned by just a few people sets up an ESOP for these individuals, but also owns subsidiaries whose employees do not participate in the ESOP. S corporation ESOPs have also been proposed for very small companies with just a few (often professional) employees."

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