The June 12, 2009 Employee Ownership Update is online and discusses the following:

• Cleveland Launches Major Worker Cooperative Initiative
  
• Rutgers Announces Shared Capitalism Fellowship Awards
  
• Index of British Public Companies with Broad-Based Ownership Outperforms the Market
  
• NCEO LinkedIn Network Reviews Recent Studies and Thinking on Executive Equity Pay

The Update discusses the Shared Capitalism Fellowship Program:

Rutgers University's School of Management and Labor Relations (SMLR) announced that 11 top experts and up-and-coming scholars of employee ownership, profit sharing, and broad-based stock options have been awarded fellowships to study the role that shared capitalism plays in corporations and the economy in general.

SMLR's new annual fellowship program was established with a major gift from J. Robert Beyster and Mary Ann Beyster of La Jolla, California, with a grant from the Foundation for Enterprise Development.