Employee benefit trusts (EBTs) have received much attention over the past few years because of the success of employee-owned organisations such as Make Architects and John Lewis Partnership that have an EBT in their structure.
Such businesses consistently outperform their externally owned competitors.
EBTs continue to be a popular option for organisations wanting to implement employee ownership. They can appeal particularly to founding owners who are approaching retirement and who wish to sell their controlling interest in a business to their workforce.
In such circumstances, EBTs can provide an effective mechanism for immunising the business from an aggressive acquisition in future because the shares are held in trust for the benefit of the employees, rather than directly by them. At the same time, an EBT can effectively guarantee that the business is permanently accountable to the employees as the shareholders.
However, an EBT is not the only framework for building an employee-owned business. Many employee-owned organisations prefer the direct ownership model in which staff directly own the business’s share capital. This preference is usually based on a belief that creating a sense of ownership among employees and a culture of engagement and participation is optimised when the employees own the shares themselves.
In addition, a host of employee-owned organisations in the UK use a combination of an EBT and direct share ownership.
EBTs are, and will continue to be, very much part of the employee ownership landscape. Their use is selective and dependent on whether an EBT fits the ethos and approach that the original business owners or creators are striving to establish or preserve.
Iain Hasdell is chief executive officer of the Employee Ownership Association
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I’m not sure I’d go as far as to say Harper can reach those levels of home runs and stolen bases, but I will say this: At 20 years old this season, he’ll be the youngest MVP winner ever..
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For example, did you realize that Mark Kotsay (Marlins, 1996) is in his 17th major league season? Kotsay wasn’t one of the All Stars picked here, but Preston Wilson (Mets, 1992), Geoff Jenkins (Brewers, 1995), Michael Cuddyer (Twins, 1997) and Aaron Crowe (who didn’t sign with the Nationals in 2008) were four of the five.
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Most of the low revenue, low payroll teams, like the Kansas City Royals, Tampa Bay Devil Rays and Pittsburgh Pirates, were out of contention well before Memorial Day.
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The Astros have plans to unveil the new look at an event on Friday.
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In April, his FIP was 3.02; it jumped to 4.18 in May and is 4.66 in June.
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I never really got to live my dream in playing in the major leagues.
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Thank God a run didn’t score or anything.
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Sosa denied using steroids during a congressional hearing but did not respond to requests for an interview by staffers for former Sen.
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In the second half, he hit .337/.407/.667.
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1 Cardinals and the No.
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After the accident, Hamilton started on a downward spiral into drug addiction.
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So can he keep this up? Let’s explore..
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Defense and WAR be damned in the fantasy world, Triple Crown numbers (and the AL’s second best run total in 2012) still mean something.
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La Frieda is flooding the stadium with meat: He TMs also opening a second location of Pat LaFrieda TMs Original Filet Mignon Steak Sandwich..