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

    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.

     

    In the News

    05/08/2018 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:

     Main Street Employee Ownership Act summary

    03/07/2018 (Business Wire) SMLR Launches World’s First Academic Institute for the Study of Employee Ownership and Profit Sharing

    01/08/2018 (Times Union) Employee ownership can boost NY economy, families

    12/18/2017 Rutgers Center for Employee Ownership Advisory Board member John Vitucci, on the benefits of employee ownership...read more.

    11/09/2017 (NJTV News) Why businesses should consider employee ownership

    10/15/2017 (My Central Jersey) New Rutgers center aims to save jobs through employee ownership

    10/12/2017 (New Jersey 101.5) N.J. Effort To Get Owners selling their companies...to their employees?

    10/11/2017 (New Jersey Business Magazine) New Rutgers Center Aims to Save Jobs Through Employee Ownership

    10/11/2017 (SMLR) Press Release: New SMLR Center Aims to Save Jobs Through Employee Ownership

    10/09/2017 (Return on Information New Jersey) ESOPs may be smartest (and safest) succession strategy for boomers

     

    Advisory Board Members

    Gregory Cygan

    Vice President - Client Service Director/Group Manager

    Computershare
     
    Phil DeDominicis
    Managing Director – Investment
    The Menke Group
     
    Aziz El-Tahch
    Managing Director
    Stout Risius Ross – SRR
     
    Steven Greenapple
    Principal
    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
    President
    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
    ‎UBS
     
    James Steiker
    Chairman and CEO, SES Advisors, Inc.
    Chairman and Founder, Steiker, Greenapple & Fusco, P.C.
     
    John Vitucci
    Principal
    PKF O’Connor Davies
     
    Stephen White
    Owner and Valuation Analyst
    Onyx Partners Group
     
    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

     

    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.

    Understanding the Research for Enhancing the Return on Your Equity Compensation Program - 9/13/18

    How can a company measure the ROI of their equity compensation program? Dr. Bill Castellano discusses this topic and provides effective strategies that can enhance the impact of your equity compensation program. Plus, learn how to apply research findings into practice and communicate the value of your company’s equity compensation program.

    ESOPs as a Succession Planning and Wealth Creation Tool for Business Owners - 7/18/18

    Employee Stock Ownership Plans (ESOPs) can offer significant succession planning and wealth creation benefits. They are also prized as the ultimate in employee motivation, as they make the employee into a vested owner of the company. In this webinar, we examined the key features and considerations, as well as instances where ESOPs make sense.  View this recording and learn what factors about the business, owners, and business timeline make it attractive to use an ESOP. Also, determine whether an ESOP is appropriate to accomplish a business owner’s succession planning and wealth creation goals, understand the succession and tax planning opportunity, and outline considerations and steps to implement an ESOP.

    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.
     

    Events

    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

     

    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.