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11/17/2006: Employee Ownership Update for November 17, 2006 (National Center for Employee Ownership [NCEO])
NCEO Executive Director Corey Rosen discusses a case where the court stongly agreed with the Moench doctrine that investments in company stock can be presumed to be prudent unless the company is in serious difficulty; reports from Pearl Meyer & Partners and PriceWaterhouse that large companies have reduced the use of options; evidence supporting the economic theories of Louis Kelso, the creator of the modern ESOP; and a proposal from Knight Kiplinger to fix excessive CEO pay.
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