Employee Ownership Reduces Turnover

The December 15, 2011 Employee Ownership Update is online and discusses the following:  

• SEC Alleges Fraudulent Stock Valuation at Stiefel Labs

• New Data Show Broad-Based Option Plans Decrease Employee Turnover

• Employee Ownership in Southern Africa

• Penn Leadership Program for ESOP CEOs

The Update discusses a study that found that public company broad-based stock option plans reduce employee turnover, particularly in high performing industries:

In industries with a 10% over-performance, for instance, broad-based options reduce turnover by 20%, relative to averages.

The January 2, 2012 Employee Ownership Update is online and discusses the following:  

• Berkshire Hathaway Completes Purchase of Employee-Owned Newspaper

• Stock Options Spread Through India's Economy

• New ESPP Reference from CEPI

• NCEO's ESOP Executive Compensation Survey Closes January 6

• Spreading the Word on Employee Ownership

• NCEO Board Elections Open January 4

This Update discussed the closing of the Berkshire Hathaway purchase of the Omaha World-Herald newspaper company.  The stated reason of the sale of the employee owned company was Due to its Upcoming Repurchase Obligation.  This Update also provides an update on some NCEO projects and initiatives.