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Employee Stock Ownership Plans In The United States
In the United States, there is a widespread practice of employee stock ownership. It began with industrial companies and today is particularly common in the technology sector but also companies in other industries, such as Whole Foods and Starbucks. Types Employee Stock Ownership Plans (ESOPs) were developed as a way to encourage capital expansion and economic equality. Many of the early proponents of ESOPs believed that capitalism's viability depended upon continued growth and that there was no better way for economies to grow than by distributing the benefits of that growth to the workforce."S Corp ESOP Legislation Benefits and Costs: Public Policy and Tax Analysis." Freeman, Steven F. and Michael Knoll. 29 July 2008. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whole Foods Market
Whole Foods Market IP, Inc., a subsidiary of Amazon, is an upscale American multinational supermarket chain headquartered in Austin, Texas, which sells products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections. Whole Foods has 500 stores in North America and seven in the United Kingdom . Amazon acquired the company for $13.7 billion on August 28, 2017. History Early years In 1978, John Mackey and Renee Lawson borrowed $45,000 from family and friends to open a small vegetarian natural foods store called SaferWay in Austin, Texas (the name being a spoof of Safeway). When the two were evicted for storing food products in their apartment, they decided to live at the store. Because it was zoned for commercial use, there was no shower stall, so they bathed using a water hose attached to their dishwasher. Two years later, Mackey and La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Retirement Income Security Act Of 1974
The Employee Retirement Income Security Act of 1974 (ERISA) (, codified in part at ) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by: * Requiring the disclosure of financial and other information concerning the plan to beneficiaries; * Establishing standards of conduct for plan fiduciaries; * Providing for appropriate remedies and access to the federal courts. ERISA is sometimes used to refer to the full body of laws that regulate employee benefit plans, which are mainly in the Internal Revenue Code and ERISA itself. Responsibility for interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Stock Ownership
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Sanders
Bernard Sanders (born September8, 1941) is an American politician who has served as the junior United States senator from Vermont since 2007. He was the U.S. representative for the state's at-large congressional district from 1991 to 2007. Sanders is the longest-serving independent in U.S. congressional history. He has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career. He is often seen as a leader of the democratic socialist movement in the United States. Sanders unsuccessfully sought the Democratic Party nomination for president of the United States in 2016 and 2020, finishing in second place in both campaigns. Before his election to Congress, he was mayor of Burlington, Vermont. Born into a working-class Jewish family and raised in the Brooklyn borough of New York City, Sanders attended Brooklyn College before graduating from the University of Chicago in 1964. While a student, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Sanders 2020 Presidential Campaign
The 2020 presidential campaign of Bernie Sanders was an election campaign from the junior United States senator and former representative from Vermont. It began with Sanders's formal announcement on February 19, 2019. The announcement followed widespread speculation that he would run again after running unsuccessfully in the 2016 Democratic presidential primaries. Sanders consistently polled among the top three Democratic candidates nationally. Sanders raised $6 million in the first 24 hours of his announcement, beating out Kamala Harris' $1.6 million for the highest amount raised on day one. Sanders raised $10 million in the first week since launching his campaign. Within each of the four quarters of 2019, Sanders' campaign raised $18.2 million, $18 million, $25.3 million, and $34.5 million, respectively. In the first, third and fourth quarters, the campaign had the largest haul for any candidate in the Democratic field. In the second quarter, he was outraised by Elizabeth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston Chronicle
The ''Houston Chronicle'' is the largest daily newspaper in Houston, Texas, United States. , it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. With its 1995 buy-out of long-time rival the '' Houston Post'', the ''Chronicle'' became Houston's newspaper of record. The ''Houston Chronicle'' is the largest daily paper owned and operated by the Hearst Corporation, a privately held multinational corporate media conglomerate with $10 billion in revenues. The paper employs nearly 2,000 people, including approximately 300 journalists, editors, and photographers. The ''Chronicle'' has bureaus in Washington, D.C. and Austin. It reports that its web site averages 125 million page views per month. The publication serves as the " newspaper of record" of the Houston area. Previously headquartered in the Houston Chronicle Building at 801 Texas Avenue, Downtown Houston, the ''Houston Chroni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burns & McDonnell
Burns & McDonnell is an American architecture and engineering company based in Kansas City, Missouri, and is owned 100% by its employees. It was established in 1898 by Clinton S. Burns and Robert E. McDonnell, two engineers. In October 2021, it had a workforce of 7,600. History Establishment and early history Burns & McDonnell was founded by two Stanford University graduates that had experienced successful teamwork while working in Palo Alto. They chose Kansas as it was deemed to provide work for the two engineers. Robert E. McDonnell became the firm's promoter towards the region's municipalities, while Clinton S. Burns focused on the technical aspect. They offered solutions for sewer systems and waterworks. Armco Steel In 1971, the firm was bought by Armco Steel, based in Ohio. As Armco prepared to sell Burns & McDonnell in the early 1980s, its employees opted to buy the company themselves and took on a loan to finance a buyout in 1985. The loan was provided by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Reagan
Ronald Wilson Reagan ( ; February 6, 1911June 5, 2004) was an American politician, actor, and union leader who served as the 40th president of the United States from 1981 to 1989. He also served as the 33rd governor of California from 1967 to 1975, after having a career in entertainment. Reagan was born in Tampico, Illinois. He graduated from Eureka College in 1932 and began to work as a sports announcer in Iowa. In 1937, Reagan moved to California, where he found work as a film actor. From 1947 to 1952, Reagan served as the president of the Screen Actors Guild, working to root out alleged communist influence within it. In the 1950s, he moved to a career in television and became a spokesman for General Electric. From 1959 to 1960, he again served as the guild's president. In 1964, his speech " A Time for Choosing" earned him national attention as a new conservative figure. Building a network of supporters, Reagan was elected governor of California in 1966. During his g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerald Ford
Gerald Rudolph Ford Jr. ( ; born Leslie Lynch King Jr.; July 14, 1913December 26, 2006) was an American politician who served as the 38th president of the United States from 1974 to 1977. He was the only president never to have been elected to the office of president or vice president as well as the only president to date from Michigan. He previously served as the leader of the Republican Party in the House of Representatives, and was appointed to be the 40th vice president in 1973. When President Richard Nixon resigned in 1974, Ford succeeded to the presidency, but was defeated for election to a full term in 1976. Born in Omaha, Nebraska, and raised in Grand Rapids, Michigan, Ford attended the University of Michigan, where he was a member of the school's football team, winning two national championships. Following his senior year, he turned down offers from the Detroit Lions and Green Bay Packers, instead opting to go to Yale Law School. After the attack on Pearl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Nixon
Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 to 1974. A member of the Republican Party, he previously served as a representative and senator from California and was the 36th vice president from 1953 to 1961 under President Dwight D. Eisenhower. His five years in the White House saw reduction of U.S. involvement in the Vietnam War, détente with the Soviet Union and China, the first manned Moon landings, and the establishment of the Environmental Protection Agency and Occupational Safety and Health Administration. Nixon's second term ended early, when he became the only president to resign from office, as a result of the Watergate scandal. Nixon was born into a poor family of Quakers in a small town in Southern California. He graduated from Duke Law School in 1937, practiced law in California, then moved with his wife Pat to Washington in 1942 to work for the federal government. After active ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barry Goldwater
Barry Morris Goldwater (January 2, 1909 – May 29, 1998) was an American politician and United States Air Force officer who was a five-term U.S. Senator from Arizona (1953–1965, 1969–1987) and the United States Republican Party, Republican Party nominee for president of the United States in 1964. Goldwater is the politician most often credited with having sparked the resurgence of the American conservative political movement in the 1960s. Despite his loss of the 1964 U.S. presidential election in a landslide, many political pundits and historians believe he laid the foundation for the conservative revolution to follow, as the grassroots organization and conservative takeover of the Republican party began a long-term realignment in American politics, which helped to bring about the "Reagan Revolution" of the 1980s. He also had a substantial impact on the American libertarian movement. Goldwater was born in Phoenix in what was then the Arizona Territory, where he helped m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell Long
Russell Billiu Long (November 3, 1918 – May 9, 2003) was an American Democratic politician and United States Senator from Louisiana from 1948 until 1987. Because of his seniority, he advanced to chairman of the Senate Finance Committee, serving for fifteen years, from 1966 to 1981, during the implementation of President Lyndon Johnson's Great Society and War on Poverty programs. Long also served as Assistant Majority Leader (Senate Majority Whip) from 1965 to 1969. The son of Rose McConnell Long and Huey Long, notable Louisiana governor and U.S. senator, Russell Long served during the administrations of eight U.S. presidents, from Truman to Reagan. According to biographer Bob Mann, Long "became a leading voice for the plight of the elderly, the disabled, the working poor and the middle class." Long quietly wielded enormous power in the Senate and shaped some of the most significant tax legislation of the twentieth century. Family; Long while a student at LSU met and marr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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