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Employee Ownership Update for May 14, 2010
National Center for Employee Ownership [NCEO] 
May 14, 2010
NCEO Executive Director Corey Rosen reports on the following: The IRS is going to require ESOP companies to submit written distribution policies. The 'Employee Stock Ownership Plan Promotion and Improvement Act of 2010' has been introduced in the U.S. House of Representatives. PBS NewsHour did a followup story on ESOP-owned SRC Holdings, showing how open-book management allowed it to grow and then survive the recession without a layoff despite a significant reliance on the automotive industry.
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