Last month I discussed the 2007 Las Vegas Conference & Trade Show, including the keynote address by Dr. J. Robert Beyster and the commentary by ESOP Association President Michael Keeling. Here are links to the transcripts for your reference:
- Dr. J. Robert Beyster keynote address at Employee Ownership Foundation luncheon – His address includes a discussion of using hybrid (ESOP and direct) ownership structures and blending employee ownership with a meritocracy. It also provided some specific examples of how the employee ownership system provided the company with a competitive advantage.
- Why Now? – The November ESOP report contains a copy of the ESOP Association president J. Michael Keeling's commentary, which includes a discussion of five reasons why the ESOP community should be concerned about the current legislative climate.
Related to #2, Should S ESOPs Care About Proposed Law Change?, a post by J. Michael Keeling, explains why S Corporation ESOPs should be concerned about the Rangel Proposal (see related links below), even if they do not have any synthetic equity or if they are grandfathered in under the proposal. It also stresses how the legislation would be a bigger setback for the Association's Vision ("the number of employee owners through ESOPs grows and grows until a substantial majority of private sector employees are owners of the companies where they work") and how that could impact future ESOP law for both S and C corporations.
Related Links
Why the Number of ESOPs is not Growing at a Faster Rate
Detailed Description of Rangel Proposal with Examples
409A Extension/Rangel Proposal/ESOPs and Succession Planning/CEO Stock Options
Rangel's Corporate Tax Proposal
Update on Rangel's Corporate Tax Proposal
Text Of Rangel's Tax Proposal
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