1/17/2006: Employee Ownership Update for January 17 (National Center for Employee Ownership [NCEO])

NCEO Executive Director Corey Rosen discusses a major Indian tea plantation where 92% of employees have purchased stock to buy the company from its owner; a major employee ownership initiative at Electricite de France; and IRS Announcement 2005-80, which sets out the details of a proposed settlement procedure for a number of improper transactions, including three abusive applications of S corporation ESOP rules.