EFES NEWSLETTER - FEBRUARY 2007
differences between European companies
Last month, we underlined the fact that employee ownership
shows major differences between European companies of the
bank sector. For instance, this is how much an employee
holds in average in shares in following banks: UBS 87.000
€, Deutsche Bank 61.000 €, Société
Générale 38.000 € ... Fortis 5.000 €,
ING 1.535 € ... This month, let's see the numbers for
transports and logistics (see column on the right side):
and Medium-Sized Enterprises
Accounting Standard Board announced a major relaxation of
the requirements for Share Based Payments for smaller companies.
Netherlands Participation Institute
Pascale Nieuwland and Marjon Westerhof are the new Directors
of the NPI. Here more information
new information about employee ownership in January 2007,
with 1.581 articles in our press review (on which 815
about stock options and 240 about workers' co-operatives).
We made a selection of 63 remarkable articles in 19 countries:
Belgium, Canada, China, Cyprus, Czech Republic, France,
Germany, India, Ireland, Italy, Jamaica, Japan, Netherlands,
Portugal, South Africa, Spain, Sri Lanka, United Kingdom,
The scandals about stock options got new developments
in several countries, while executives' remuneration was
confirmed as a hot question in the political debate for
the election of the next President in France.
Germany: New proposals for employee ownership came
from the SPD and the Rheinland-Pfδlz's Government.
India also asks questions about top executives' pay.
Jamaica: Unions representing air workers request
new employee share ownership programmes.
Netherlands: New research about employee ownership:
United Kingdom: New developments for workers' cooperatives,
for instance in Scotland. Workers' coops could be the way
for a rescue plan for Burberry. On the other hand, the Royal
Mail's controversial plan for an employee share ownership
scheme was blocked; a John Lewis-like scheme could be a
United States: New examples of companies shifting
to employee ownership. An Employee Buyout was just finalized
at Ohio's largest independent advertising agency. On the
other side, Hooker has to stop with its ESOP. Wall Street
had a big question about SAIC's employee shareholders: will
they stay or will they go, now the company is listed? Finally,
for the first time, the SEC approves market way to value
South Africa: Solidarity Union protests against racial
discrimination in employee share ownership schemes.
Japan: A soon-to-be-published study of ESOPs in listed
companies finds that these plans now have a mean ownership
of about 7% of company stock.
The press review is available
ABOUT YOU? This is how much an employee holds in average,
in shares of:
Air France-KLM 6.940
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