Louis Orth Kelso was a political economist, corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the employee stock ownership plan (ESOP), invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.
The Pittsburg and Shawmut Railroad, also known as the Shawmut Line, was a short line railroad company operating passenger and freight service on standard gauge track in central and southwestern Pennsylvania. Since 2004, it has been operated as part of the Buffalo and Pittsburgh Railroad, which is owned by Genesee & Wyoming Inc.
Stewart's Shops is an American chain of convenience stores located primarily in eastern Upstate New York and southwestern Vermont, owned by the Dake family and the employees through an ESOP plan.
Houchens Industries is an American employee-owned company, in business since 1917 when it began as a small grocery operated by founder Ervin Houchens in rural Barren County, Kentucky. The company is headquartered in Bowling Green, Kentucky. The company currently operates more than 325 retail grocery, convenience, and neighborhood market stores across 14 states, through their Houchens Food Group subsidiary. Complemented by a strong foundation of diverse companies and over 15,000 employees corporate-wide, Houchens Industries is listed by Forbes as one of the largest 100% employee-owned companies in the world.
Shawmut, according to 19th-century scholarship, is a term derived from the Algonquian word Mashauwomuk referring to the region of present-day Boston, Massachusetts. It appears in a number of present-day placenames.
The Grand Central Oyster Bar & Restaurant is a seafood restaurant on the lower level of Grand Central Terminal at 42nd Street and Park Avenue in Manhattan, New York City.
Buehler's Fresh Foods, also known as Buehler's, is a grocery store chain founded in 1929 in New Philadelphia, Ohio, US, by Ed and Helen Buehler. In 1932, Buehler's opened its second location in Wooster, Ohio.
Cruise America is an American Employee Owned (ESOP) recreational vehicle rental and sales company based in Mesa, Arizona. The company was founded in 1972 and was publicly traded in the American Stock Exchange under the ticker “RVR” until 1997. It then merged with Budget Group. Budget sold the company to its founders and management in 2000. In 2014 the company became an ESOP. It operates 132 locations across North America. Cruise America holds a 52% market-share in US recreational vehicles rental operations market.
U.S. Sugar Corporation is a privately owned agricultural business based in Clewiston, Florida. The company farms over 230,000 acres of land in the counties of Hendry, Glades, Martin, and Palm Beach. It is the largest producer of sugarcane in the United States by volume, producing over 700,000 tonnes per year. The company is also a large producer of refined sugar, sweet corn and oranges.
SS Ancon was an American cargo and passenger ship that became the first ship to officially transit the Panama Canal in 1914 although the French crane boat Alexandre La Valley completed the first trip in stages during construction prior to the official opening. The ship was built as Shawmut for the Boston Steamship Company by the Maryland Steel Company, Sparrows Point, Maryland and put into Pacific service operating out of Puget Sound ports for Japan, China and the Philippine Islands. Shawmut and sister ship Tremont were two of the largest United States commercial ships in service at the time and the company eventually found them too expensive to operate.
An Employee Stock Ownership Plan (ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975(e)(7)of IRS codes, which became a qualified retirement plan in 1974. It is one of the methods of employee participation in corporate ownership.
Gardener's Supply Company is an employee-owned company providing environmentally friendly gardening products and information through its website, catalogs, and retail stores.
McGuire and Hester is an engineering, design, and construction company. McGuire and Hester has two offices located in Oakland and Sacramento, California.
Option pool shuffle relates to the allocation of shares to a venture capital (VC) investor at the point of investment, when also creating an Employee Share Option Pool at the same time. There are two different approaches to determine the number of shares to allocate to each investor, the VC Friendly Approach and the Founder Friendly Approach.
Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. 409 (2014), was a United States Supreme Court case in which the court found Employee stockownership (ESOP) fiduciaries have the same prudential duties as non-ESOP fiduciaries, as set by ERISA, except that they are not required to diversify their investments beyond shares of the employer's stock.
In the United States, there is a widespread practice of employee stock ownership. It began with industrial companies and today is particularly common in the technology sector but also companies in other industries, such as Whole Foods and Starbucks.
Eureka Casino Resort is a hotel and casino in Mesquite, Nevada. It initially operated under the name Rancho Mesquite. The hotel portion, originally part of the Holiday Inn chain, opened in August 1996. The casino opened on February 14, 1997. The Rancho Mesquite was owned by the Lee family, who were the only Nevada casino owners to be of Asian descent. Because of confusion with other businesses, the name was changed to Eureka in 2000.
An employee ownership trust (EOT) holds a permanent or long-term shareholding in a company on trust for the benefit of all the company's employees. An EOT provides indirect (trust) employee ownership of a company.
Burns & McDonnell is an American architecture and engineering company based in Kansas City, Missouri, and has 100% employee stock ownership. It was established in 1898 by engineers Clinton Sumner Burns and Robert Emmett McDonnell. In October 2021, it had 7,600 employees.
