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National Center For Employee Ownership
The National Center for Employee Ownership (NCEO) is a nonprofit research organization that gathers and disseminates data on employee ownership of the business by which they are employed. The organization was established in 1980 by Corey Rosen, then a staff member in the United States Senate who had become involved in drafting legislation on employee stock ownership plans (ESOPs). History In 1994, sociologist William Foote Whyte, one of the founding members of the NCEO board of directors, described the circumstances preceding the foundation of the NCEO, writing that "in the Reagan landslide of 1980, Senator Gaylord Nelson and Representative Peter Kostmayer Peter Houston Kostmayer (born September 27, 1946) is a Democratic politician who served seven terms in the U.S. House of Representatives from Bucks County, Pennsylvania. Early life and career Kostmayer was born in New York City, graduated fr ... lost their seats in Congress... That ended the congressional careers of ...
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Nonprofit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to ev ...
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Oakland, California
Oakland is the largest city and the county seat of Alameda County, California, United States. A major West Coast of the United States, West Coast port, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the Bay Area and the List of largest California cities by population, eighth most populated city in California. With a population of 440,646 in 2020, it serves as the Bay Area's trade center and economic engine: the Port of Oakland is the busiest port in Northern California, and the fifth busiest in the United States of America. An act to municipal corporation, incorporate the city was passed on May 4, 1852, and incorporation was later approved on March 25, 1854. Oakland is a charter city. Oakland's territory covers what was once a mosaic of California coastal prairie, California coastal terrace prairie, oak woodland, and north coastal scrub. In the late 18th century, it became part of a large ''rancho'' grant in t ...
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California
California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the most populated subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento is the state's capital, while Los Angeles is the most populous city in the state and the second most populous city in the country. San Francisco is the second most densely populated major city in the country. Los Angeles County is the country's most populous, while San Bernardino County is the largest county by area in the country. California borders Oregon to the north, Nevada and Arizona to the ea ...
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William Foote Whyte
William Foote Whyte (June 27, 1914 – July 16, 2000) was an American sociologist chiefly known for his ethnographic study in urban sociology, ''Street Corner Society''. A pioneer in participant observation, he lived for four years in an Italian community in Boston while a Junior Fellow at Harvard researching social relations of street gangs in Boston's North End. Early life Whyte, from an upper-middle-class background, showed an early interest in writing, economics and social reform. After graduating from Swarthmore College, he was selected for the Junior Fellows program, where his landmark research was done. After his research in Boston, he entered the sociology doctoral program at the University of Chicago. ''Street Corner Society'' was published by the University of Chicago Press in 1943. He spent a year teaching at the University of Oklahoma, but developed polio in 1943 and spent two years in physical therapy at the Warm Springs Foundation. Rehabilitation was only part ...
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Employee 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 with ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers ...
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Employee Stock Ownership Plans
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 ...
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Gaylord Nelson
Gaylord Anton Nelson (June 4, 1916July 3, 2005) was an American politician and environmentalist from Wisconsin who served as a United States senator and governor. He was a member of the Democratic Party and the founder of Earth Day, which launched a new wave of environmental activism. Early life and education Nelson was born in 1916 in Clear Lake, Wisconsin, the son of Mary (Bradt), a nurse, and Anton Nelson, a country doctor. He had Norwegian and Irish ancestry. He grew up and was educated in the local public schools. In 1939, he received a bachelor's in political science at what is now San Jose State University in San Jose, California. In 1942, he received an LL.B. degree from the University of Wisconsin Law School in Madison and was admitted to the bar. He practiced as a lawyer before serving in the United States Army, during which time he saw action in the Okinawa campaign during World War II. Career In 1948, Nelson was elected to the Wisconsin State Senate. He remaine ...
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Peter Kostmayer
Peter Houston Kostmayer (born September 27, 1946) is a Democratic politician who served seven terms in the U.S. House of Representatives from Bucks County, Pennsylvania. Early life and career Kostmayer was born in New York City, graduated from West Nottingham Academy in Colora, Maryland, in 1965, and received a B.A. from Columbia University in New York City in 1971. Kostmayer worked as a reporter from 1971 to 1972. He served as press secretary to Pennsylvania Attorney General J. Shane Cramer from 1972 to 1973 and deputy press secretary to Governor Milton Shapp from 1973 to 1976. Congress Following the retirement of U.S. Rep. Edward Biester in 1976, Kostmayer ran against State Representative John S. Renninger for the open seat in Pennsylvania's 8th congressional district. With Jimmy Carter winning Pennsylvania in the 1976 election, Kostmayer won by a 1,312 vote margin. He won re-election in 1978 against G. Roger Bowers with 61% of the vote. He lost in 1980 with Ronald R ...
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Joseph Blasi
Joseph R. Blasi is an American economic sociologist, currently a Distinguished Professor and the J. Robert Beyster Professor at Rutgers School of Management and Labor Relations. He graduated with an Ed.D. from Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high .... Publications Books by Blasi include: *''The Citizen's Share: Reducing Inequality in the 21st Century'' (Yale University Press, 2013, with Richard Freeman and Douglas Kruse) *''Shared Capitalism at Work'' (University of Chicago Press, 2010, with Douglas Kruse and Richard Freeman) *''In The Company of Owners'' (Basic Books, 2003, with Douglas Kruse and Aaron Bernstein) *''The New Owners'' (HarperCollins, 1991, with Douglas Kruse) *''Employee Ownership'' (Harper and Row, 1988) *''A Working Nation'' (Russell Sa ...
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Employee-owned Companies
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 with ...
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