Wednesday, December 4 2013 11:33 PM EST2013-12-05 04:33:22 GMT
Don Dixon will remain the city's top cop. The Lake Charles City Council unanimously approved to reappoint Dixon to another six-year term as Chief of Police -- a position he's held for 12 years. DixonMore >>
Don Dixon will remain the city's top cop. The Lake Charles City Council unanimously approved to reappoint Dixon to another six-year term as Chief of Police -- a position he's held for 12 years.More >>
Wednesday, December 4 2013 10:33 PM EST2013-12-05 03:33:57 GMT
What's been done is nice, but the bond money budgeted for the Enterprise Boulevard Extension Project has taken the road as far as it can go. "Knowing that we could not cover that amount to go all theMore >>
How to proceed with the Enterprise Boulevard Extension Project? That's the question city officials hope a joint study with the state will help identify. However, as KPLC's Lee Peck reports, it's going to cost some money to get those answers - money some on the council believe is a waste of taxpayer dollars.More >>
Wednesday, December 4 2013 7:19 PM EST2013-12-05 00:19:06 GMT
Nearly 60 dogs from the Calcasieu Animal Shelter are headed to Florida on a 'rescue ride' where dog advocates say their chances of adoption are astronomical. Nathan Areno, Director of Animal ServicesMore >>
Nearly 60 dogs from the Calcasieu Animal Shelter are headed to Florida on a 'rescue ride' where dog advocates say their chances of adoption are astronomical.
Wednesday, December 4 2013 7:09 PM EST2013-12-05 00:09:08 GMT
Both suspects have been arrested in the robbery of First Federal Bank in DeRidder. The DeRidder Police Department, with assistance from the Beauregard and Vernon Parish Sheriff's Offices, took PatrickMore >>
Both suspects have been arrested in the robbery of First Federal Bank in DeRidder.More >>
Wednesday, December 4 2013 7:05 PM EST2013-12-05 00:05:51 GMT
It's a big operation in a small town. The Rotary Club of Welsh welcomed an 18 Wheeler full of educational books. "We're talking thousands, 23 pallets, each box could have 24 to 40 books in them," saidMore >>
The Rotary Club of Welsh welcomed an 18 Wheeler full of educational books.More >>
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SOURCE Employee Ownership Foundation
WASHINGTON, Sept. 10, 2013 /PRNewswire-USNewswire/ -- Results from the Employee Ownership Foundation's 22nd Annual Economic Performance Survey of ESOP (employee stock ownership plan) companies show that ESOPs saw increased economic growth over the past year. Additionally, ESOP companies continue to have increased share value, report high productivity, and overwhelming support among leaders of the companies, according to the results of this survey which was conducted among members of The ESOP Association.
Since the annual survey began 22 years ago, a very large majority, 94% of survey respondents, reported that creating employee ownership through an ESOP was "a good business decision that has helped the company." It should be noted this figure has consistently been over 85% since 2000. In addition, 77% of respondents indicated the ESOP positively affected the overall productivity of the employees. In terms of profitability and revenue, both were up from previous years --- 70% of respondents reported profitability increased and 78% of respondents noted revenue increased. In terms of stock value, the majority of respondents, 83%, stated the company's stock value increased as determined by outside independent valuations; 14% of the respondents reported a decline in share value, and 3% reported no change. The survey also asked respondents what year the ESOP was established. Among those responding to this survey, the average age of the ESOP was 16 years with the average year for establishment being 1997.
"Employees with employee stock ownership, including those with ESOPs, in general, have more sustainable employment. Our national leaders need to take note and understand that we need national policies to encourage employee stock ownership among working Americans. It's the best jobs policy we have," said Employee Ownership Foundation President, J. Michael Keeling.
The survey asked companies to indicate their performance in 2012 relative to 2011:
71% indicated a better performance; 17% indicated a worse performance; and 12% indicated a nearly identical performance to the previous year
64% of companies have created an ESOP education program or ESOP advisory committee since establishing the ESOP
The 2013 Economic Performance Survey was distributed to The ESOP Association's over 1,500 members in June 2013. The results are based on 495 responses, a 35% response rate.
The Employee Ownership Foundation is The ESOP Association's affiliated 501 (c)(3) organization dedicated to promoting employee ownership – www.employeeownershipfoundation.org.
The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website - www.esopassociation.org and blog – www.esopassociationblog.org.