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Employee Ownership Update for November 16, 2005
National Center for Employee Ownership [NCEO]Link to more items from this source
Nov. 16, 2005
NCEO Executive Director Corey Rosen reports that the President's Tax Reform Advisory Panel did not envision eliminating ESOPs when it proposed eliminating defined contribution plans. A U.S. district court says ESOP fiduciaries must diversify only if the company faces impending doom. FASB has a simplified method of handling equity plan tax effects. A new survey examines equity plans in global companies. The SEC is investigating whether certain stock option grants were improperly backdated.

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