The expanding role of ESOPs in public companies:
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
New York u.a.
Quorum Books
1990
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 229 S. |
| ISBN: | 089930527X |
Staff View
MARC
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| 245 | 1 | 0 | |a The expanding role of ESOPs in public companies |c ed. by Karen M. Young |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a New York u.a. |b Quorum Books |c 1990 | |
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Record in the Search Index
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| adam_text | Contents
Tables vii
Figures ix
Preface xi
1 An Introduction to Employee Stock Ownership Plans 1
Corey M. Rosen
2 The Structure and Implementation of ESOPs in Public Companies 11
Gianna Durso
3 Financial Issues in Public Company ESOPs 29
Section 1: The Public Market for ESOP Notes 29
Jenny A. Hourihan
Section 2: The Role of Convertible Preferred Stock in Public
Company Leveraged ESOP Transactions 35
Chester A. Gougis
Section 3: Combining ESOPs and 401 (k) Plans 44
Kenneth W. Lindberg
Section 4: ESOPs and Corporate Control 57
Lilli Gordon and John Pound
vi Contents
4 Using an ESOP as a Takeover Defense 63
Jack Curtis
5 Valuation Issues in Public Companies 71
Richard S. Braun
6 Divesting a Subsidiary Through an ESOP 81
Malon Wilkus
1 ESOPs—Compensation, Performance, and Dilution:
Is There a Link? 99
Michael A. Conte
8 Managing an Employee Ownership Company 157
Karen M. Young
9 ESOPs and the 1989 Budget Reconciliation Act:
The Impact on Public Companies 189
David M. Binns
10 The Development and the Future of Employee Ownership in
the Publicly Traded Corporation 195
Joseph R. Blast
Selected Bibliography 219
Index 223
About the Editor and Contributors 227
Tables
2.1 Characteristics of Public ESOP Companies 23
3.1 Impact of ESOP on Cash Flow in 1990 40
3.2 Impact of ESOP on Cash Flow in 1996 40
3.3 Impact of ESOP on Earnings Per Share in 1990 42
3.4 Impact of ESOP on Earnings Per Share in 1996 43
3.5 Potential Financial Savings to Employer 45
3.6 Separation of Non discrimination Tests 51
3.7 Profile of 60 ESOP Adoptions/Expansions Between January 1,
1989 and July 15, 1989 59
3.8 Summary Statistics for Two Day Net of Market Returns for 60
ESOPs in Sample 60
6.1 Non ESOP Leveraged Buyout: Net Worth and Enterprise Value 92
6.2 ESOP Leveraged Buyout: Net Worth and Enterprise Value 95
7.1 Response Percentages 101
7.2 Incidence of Employee Plans Among Respondents 103
7.3 TDESOP by TCESOP 104
7.4 TDESOP by PSP 105
7.5 TDESOP by PP 106
7.6 TDESOP by FORMPART 107
7.7 Mean Age of Existing Plan 107
7.8 Tax Deduction and Tax Credit ESOP Ownership Percent 108
viii Tables !
7.9 Number of Employees, Number of Plan Participants, and Income
from Plan Participation 112
7.10 Regression with Dependent Variable: Total Income Per Employee
Including Income from Pension Plan 116
7.11 Regression with Dependent Variable: Total Income Per Employee
Exluding Income from Pension Plan 116 ;
7.12 Regression with Dependent Variable: Return on Equity 118
7.13 Dependent Variable: Adjusted Stock Price 119
7.All. 1 T Test for Difference in Means: Matching (510) Versus NCEO (114)
Companies 131
7.All.2 T Test for Difference in Means: Respondents Versus Non
respondents in Matching (510) and NCEO (114) Companies 136
7.All.3 T Test for Difference in Means: Respondents Versus Non
respondents, NCEO (114) Companies 141
7.All.4 T Test for Difference in Means: Respondents Versus
Non respondents, Matching Companies (510) 147
7.AIII.1 Comparison of Information from Survey Responses Versus 1985
Employee Plan Master File for the 45 Study Companies 154
10.1 Corporate Stock Ownership and Employee Benefit Plans, 1983 199
10.2 Growth of Deferred Profit Sharing Relative to Defined Benefit Plans
and ESOPs, 1980 86 208
Figures
3.1 Trade Off Between Yield and Conversion Premium 36
3.2 Top Up Approach 49
3.3 Excess Approach 49
3.4 Restated Match Approach 50
3.5 Non discrimination Testing, Before ESOP 51
3.6 Non discrimination Testing, After ESOP (2 2 Allocated Between
ESOP and Non ESOP) 52
3.7 Non discrimination Testing, After ESOP (2 2 in One Plan Only) 53
3.8 Non discrimination Testing, After ESOP (2 2 in One Plan Only, AT
for HC Cut Back) 54
3.9 Annual Additions Under Section 415 55
3.10 Treatment of Dividends on Allocated Shares 56
6.1 Corporate Divestitures 93
6.2 ESOP Versus Non ESOP LBO, Net Worth 96
6.3 ESOP Versus Non ESOP LBO, Enterprise Value 97
8.1 ESOP Account Balance Statement 165
8.2 Weirton Steel Corporation Employee Handbook Cover and Contents Pages 168
8.3 Burns McDonnell Newsletter Cover 169
8.4 Employee Ownership Week Poster 171
8.5 Employee Ownership Letterhead 172
8.6 Value Statement from North American Telephone 180
|
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| indexdate | 2024-07-09T16:12:22Z |
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| language | English |
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| physical | XII, 229 S. |
| publishDate | 1990 |
| publishDateSearch | 1990 |
| publishDateSort | 1990 |
| publisher | Quorum Books |
| record_format | marc |
| spelling | The expanding role of ESOPs in public companies ed. by Karen M. Young 1. publ. New York u.a. Quorum Books 1990 XII, 229 S. txt rdacontent n rdamedia nc rdacarrier Employee ownership United States Öffentliches Unternehmen (DE-588)4075581-2 gnd rswk-swf Arbeitnehmer (DE-588)4002623-1 gnd rswk-swf Kapitalbeteiligung (DE-588)4122230-1 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content USA (DE-588)4078704-7 g Arbeitnehmer (DE-588)4002623-1 s Kapitalbeteiligung (DE-588)4122230-1 s Öffentliches Unternehmen (DE-588)4075581-2 s DE-604 Young, Karen M. Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002725102&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | The expanding role of ESOPs in public companies Employee ownership United States Öffentliches Unternehmen (DE-588)4075581-2 gnd Arbeitnehmer (DE-588)4002623-1 gnd Kapitalbeteiligung (DE-588)4122230-1 gnd |
| subject_GND | (DE-588)4075581-2 (DE-588)4002623-1 (DE-588)4122230-1 (DE-588)4078704-7 (DE-588)4143413-4 |
| title | The expanding role of ESOPs in public companies |
| title_auth | The expanding role of ESOPs in public companies |
| title_exact_search | The expanding role of ESOPs in public companies |
| title_full | The expanding role of ESOPs in public companies ed. by Karen M. Young |
| title_fullStr | The expanding role of ESOPs in public companies ed. by Karen M. Young |
| title_full_unstemmed | The expanding role of ESOPs in public companies ed. by Karen M. Young |
| title_short | The expanding role of ESOPs in public companies |
| title_sort | the expanding role of esops in public companies |
| topic | Employee ownership United States Öffentliches Unternehmen (DE-588)4075581-2 gnd Arbeitnehmer (DE-588)4002623-1 gnd Kapitalbeteiligung (DE-588)4122230-1 gnd |
| topic_facet | Employee ownership United States Öffentliches Unternehmen Arbeitnehmer Kapitalbeteiligung USA Aufsatzsammlung |
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