An update of employee ownership news for November 22, 1999, including S corporation ESOP legislation and stock plans for multinational corporations. "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."

MORE >>