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2/1/2006: Employee Ownership Update for February 1 (National Center for Employee Ownership [NCEO])
In his February 1 update, NCEO Executive Director Corey Rosen discusses the following: More than half of the for-profit corporations on the Great Place to Work Institute's '100 Best Companies to Work For in America' list have broad-based employee ownership. The IRS may investigate potentially abusive preferred or super-common stock in ESOPs. Since the implosion of Enron, more than 60 lawsuits have been filed for violating ERISA; an analysis shows the courts have not come to consistent conclusions.
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