NJ/NY Center for Employee Ownership

About Employee Ownership

What is Employee Ownership?

At thousands of businesses in the United States, employees own a majority of their company's stock. These "employee-owned" companies employ millions of people who each have the ability to say "I am an owner of this company." To read more about employee ownership, please visit the NJ/NY Center for Employee Ownership website

Why Should New Jersey and New York Businesses Care?

For current business owners looking to retire or sell part of their equity stake, employee ownership is an attractive alternative to selling to a private equity firm or other outside buyer.  To read more about why businesses should care, please visit the NJ/NY Center for Employee Ownership website

Why Should New Jersey and New York Communities Care?

Employee ownership keeps businesses and jobs in-state and builds community wealth.  To read more about why communities should care, please visit the NJ/NY Center for Employee Ownership website

Additional Information and Research on Employee Ownership

SMLR is building an online library of articles and research on employee ownership. A beta version is currently available, which you can visit at cleo.rutgers.edu.

SMLR Professors Joseph Blasi and Douglas Kruse's research shows that the concept of employees owning a share of their company, has a long and robust tradition in American history...read more

Learn more about Equity Compensation in our recent white paper: Thinking Strategically About Your Equity Compensation Program written by SMLR Professors Joseph Blasi, Doug Kruse, and Bill Castellano

The U.S. House of Representatives approved H.R. 5236, the "Main Street Employee Ownership Act of 2018" on May 8th.  S.2786 - the "Main Street Employee Ownership Act of 2018" was introduced into the Senate on April 26, and has been referred to the Committee on Small Business and Entrepreneurship. The Main Street Employee Ownership Act improves access to capital and technical assistance to transition small businesses to employee ownership.  Here is additional information:

In the News

(Business Wire) SMLR Launches World’s First Academic Institute for the Study of Employee Ownership and Profit Sharing

(SMLR) Press Release: New SMLR Center Aims to Save Jobs Through Employee Ownership

(NJTV News) Why businesses should consider employee ownership

(My Central Jersey) New Rutgers center aims to save jobs through employee ownership

(New Jersey Business Magazine) New Rutgers Center Aims to Save Jobs Through Employee Ownership

(New Jersey 101.5) N.J. Effort To Get Owners selling their companies...to their employees?

(Return on Information New Jersey) ESOPs may be smartest (and safest) succession strategy for boomers

(Times Union) Employee ownership can boost NY economy, families

Rutgers Center for Employee Ownership Advisory Board member John Vitucci, on the benefits of employee ownership...read more.


For information about the NJ/NY Center for Employee Ownership, please contact the Executive Director, Professor Bill Castellano, at castellano@smlr.rutgers.edu; the Associate Director, Jim Terez, at jim.terez@rutgers.edu; or the Program Coordinator, Virginia Becaccio, at becaccio@smlr.rutgers.edu.

Advisory Board Members

Gregory Cygan

Vice President - Client Service Director/Group Manager

Phil DeDominicis
Managing Director – Investment
The Menke Group
Aziz El-Tahch
Managing Director
Stout Risius Ross – SRR
Steven Greenapple
Steiker, Greenapple, & Fusco, P.C.
Jim Higgins
Managing Director
Pilot Hill Advisors
Christopher Mackin
Founder and President
Ownership Associates
Debbi Marcus
Global Equity Design Professional
Joseph Marx
Vice President, Consulting
Principal Financial Group
Richard May
Managing Partner
American Working Capital
John Menke
The Menke Group
Christopher Michael
Director of Employee Ownership
Newark Community Economic Development Corporation
John Miscione
Senior Advisor
Duff & Phelps
Thomas Roback
Managing Director
Blue Ridge ESOP Associates
Maria Robins
Vice President, Business Development
Morgan Stanley
Joseph Sholler
Sales Director, Equity Plan Advisory Services
James Steiker
Chairman and CEO, SES Advisors, Inc.
Chairman and Founder, Steiker, Greenapple & Fusco, P.C.
John Vitucci
PKF O’Connor Davies
Rutgers Advisors
Professor Joseph Blasi
Director, Institute for the Study of Employee Ownership and Profit Sharing
Professor Doug Kruse
Associate Dean for Academic Affairs
Associate Director, Institute for the Study of Employee Ownership and Profit Sharing



The NJ/NY Center for Employee Ownership frequently hosts webinars which are recorded and available here for you to view at your convenience.  Please follow the links below to watch the recorded webinar of your choice.

Equity Compensation - 5/7/18

Many closely held firms want to provide employees with a stake in the company's outcome through some form of equity compensation. But who should get how much? With what rules? And what forms of actual equity or synthetic equity make sense? View our webinar recording and gain an understanding of the way closely held companies can provide equity compensation to employees. Topics such as stock, options, restricted stock, stock appreciation rights, and phantom stock were discussed, as well as their counterparts in limited liability corporations.

Employee Ownership for Business Succession - 3/13/18

Employee Stock Ownership Plans (ESOPs) are a highly-tax favored, flexible way for business owners to provide for ownership transition. An ESOP allows a company to use its future pre-tax earnings to buy out some or all of an owner's shares, and allow the owner to defer taxation on the gain.  An ESOP can preserve business legacy, help to get the seller a fair price, and allows owners to play whatever ongoing role they choose in the company.
ESOPs have been highly successful, but they are not for every company. View our webinar recording to learn how ESOPs work and if they are right for you.



Past Events

ESPP Day - February 8, 2018

The NJ/NY Center for Employee Ownership co-sponsored with Computershare an Employee Stock Purchase Plan (ESPP) conference on February 8, 2018 in New York.  The ESPP Day conference provided a comprehensive introduction to the important aspects of employee stock purchase plans. Please click here to view the conference presentations.

Keynote speaker was Dr. Joseph Blasi, Distinguished Professor and Sociologist at Rutgers. One of the leading academic experts on employee share ownership in the world, Dr. Blasi has written several books, including The Citizen’s Share, which traces the history of employee share ownership in the U.S. from its earliest days to today. He also regularly speaks at industry conferences and has written for numerous publications, including Fortune Magazine, where he is a regular commentator.

The conference included presentations from stock plan professionals at Computershare, AON Hewitt, Baker & McKenzie, ISP Advisors, HighTower Advisors, myStockOptions.com, and the National Association of Stock Plan Professionals.

Employee Ownership Strategies Conference - July 31, 2017

The NJ/NY Center for Employee Ownership’s first Employee Ownership Strategies Conference took place on July 31, 2017.

Thank you to our speakers, sponsors, partners, and participants for making the conference a success!

View the conference presentations and learn more about our speakers below.

Doug Kruse, Distinguished Professor, Rutgers University, School of Management and Labor Relations 
Jim Steiker, Esq., Chairman and CEO, SES Advisors
Loren Rodgers, Executive Director, The National Center for Employee Ownership
Terence "Terry" Griswold, Managing Director and founder, Empire Valuation
Rich Telesmanich, Sr. Vice President and CAO
Matt Hancock, Consultant, Praxis Consulting Group
Debbi Marcus, Manager, Global Equity, Unilever












The New Jersey/New York Center for Employee Ownership (NJ/NYCEO) promotes better understanding of the values of employee ownership among business leaders, public officials, employees, members of the media, students, teachers, nonprofit leaders, consumers, and other persons and organizations in New Jersey and New York. The NJ/NYCEO is a center at Rutgers School of Management and Labor Relations.