|
EFES NEWSLETTER - NOVEMBER 2008
A
political roadmap for employee ownership in Europe
A political roadmap for Europe was proposed in the framework
of the French Presidency of the European Union. What should
be done at European level to promote the development of
employee ownership? Should we set up a European model?
The picture of employee share plans in large European
companies is highly fascinating. It is a general movement,
involving all large companies in all countries. However,
when considering the European states, it is still everyone
for himself. What can be done for Europe? Which European
model? Download
Employee ownership for all
Employee ownership for all: This is the common theme linking
all these articles about employee ownership in the world's
press last month. Most discussions about the financial crisis,
share options and executive pay. "Share options and
participation for all" seems to be the way in France,
Germany and others as well. Tax benefits for employee-owned
companies are requested in Spain… See press review
Press
review
Much
new information about employee ownership in October
2008, with 1.719 articles in this press review (on which
876 involving stock options and 308 about workers'
cooperatives). We made a selection of 62 remarkable
articles in 13 countries: Austria, Belgium, China, Denmark,
France, Germany, India, Ireland, Japan, Spain, UK, USA.
China: Why China is set to ban state-owned enterprise
employees from owning shares.
France: Hard discussions about stock options and
executive pay. President Sarkozy calls for "stock options
and participation for all". On the other hand, workers'
cooperatives look full of dynamism. Finally, Professor Richard
Freeman gives a presentation (in French!) about recent research
works on employee ownership and corporate performance.
Germany: It is now the Parliament to discuss Government's
project bringing stronger support for employee ownership.
Ireland:
Key-positions for employee share ownership trusts in Aer
Lingus and in Eircom (with the prospect of a fifth change
of ownership in less than 10 years !)
Netherlands: Christian Trade Unions call for preference
shares for employees.
United Kingdom: Executive pay set for radical overhaul.
USA: The Employee Ownership Foundation just posted
a 2005 letter from Senator Barack Obama, commenting on the
Employee Stock Ownership Plans Promotion and Improvement
Act. The Foundation also announces the creation of the largest
online library of university teaching materials on employee
ownership. On the other hand, it is grilling for former
Lehman Brothers chief executive. Finally, the well-known
employee-owned company New Belgium Brewing named Top Small
Workplace by the Wall Street Journal.
The press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2008/October.htm
|
WHAT
ABOUT YOU?
This is how much an employee held in 2007, on average, in
shares of:
UBS 83.000 €
SocGen 49.000 €
BNP Paribas 38.000 €
Total 55.000 €
Novartis 61.000 €
Mondragon 56.000 €
CréditSuisse 84.000 €
AXA 46.000 €
Vinci 24.000 €
CréditAgricole 40.000 €
What's
new on EFES website?
EFES
NEWS distribution: 105.000
|
