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:
- A Rutgers press release discusses Professors Joseph Blasi's and Doug Kruse's research and analysis for the bill
- Long Island Newsday article covers Sen. Gillibrand's efforts to promote the bill
- Corey Rosen's (National Center for Employee Ownership) opinion piece on the bill cites Rutgers research
- Main Street Employee Ownership Act summary
In the News
(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?
(Times Union) Employee ownership can boost NY economy, families
Contact
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
Vice President - Client Service Director/Group Manager
Webinars
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.
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
Events
Past Events
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.
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.
Sponsors
About
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.