A plan doomed by high profits.
For eleven years Peoria's Journal Star was the newspaper industry's prime example of how to keep a newspaper locally owned by selling it to employees. In March and April 1993, I wrote columns in AJR describing how it was done and how successful employee ownership could be. Too successful,...

ESOPs will check attrition: India Inc.
MUMBAI: Internationally, the concept of providing employees with stock options has grown, while in India, the concept is relatively at an infancy stage. As Indian companies catch up with this international trend, keeping a global perspective in view of local realities has gained importance. Nandan Maluste, Convenor,...

PennFed Financial Services, Inc. Reports Third Quarter Earnings and an Increased Dividend.
WEST ORANGE, N.J., April 25 /PRNewswire Interactive News Release/ -- PennFed Financial Services, Inc. (Nasdq: PFSB), the $1.7 billion holding company for the New Jersey-based Penn Federal Savings Bank, announced earnings of $0.38 per diluted share for the quarter ended March 31, 2001. The Company also reported an increase...

Is ESOP right for your business? Whether used to buy the shares of a departing shareholder/owner, to borrow money at a lower, after-tax cost or to create employee benefit, an Employee Stock Ownership Plan, or ESOP be a solution we exploring.
An Employee Stock Ownership Plan (ESOP) can be established and funded in a variety of ways. Usually the business borrows funds that are loaned to the ESOP, which uses the funds to buy out the selling owner. Following the purchase, the pest management business makes annual, tax-deductible contributions to...

Solium Capital Inc. Implements Sideware's Online Customer Service Solution.
Financial Services Provider Goes Live with Sideware's EIS Solution RESTON, VA, April 19 /PRNewswire/ - Sideware (OTC (BB): SDWS and TSE: SYD.U), a leading provider of online customer service solutions, announced today that Solium Capital Inc. has gone live with its Enterprise Interaction Suite (EIS)...

Heartland Brewery Introduces a New Brew for Its Employees: Part-Ownership of the Restaurant.
New York City's Microbrew Pioneer Implements an Employee Stock Ownership Plan NEW YORK, Jan. 9 /PRNewswire-FirstCall/ -- Heartland Brewery, Inc. ("Heartland"), the original and largest urban group of microbrew pubs in the world, has announced a partial transfer of the restaurants' ownership to its employees through an...

Federal Trust Corporation Announces Year-End Results for 2006.
SANFORD, Fla., Feb. 2 /PRNewswire-FirstCall/ -- James V. Suskiewich, Chief Executive Officer and President of Federal Trust Corporation reported today that earnings for the quarter ended December 31, 2006 were $741,000 or $.08 per basic and fully diluted share, compared to $1,166,000 or $.14 per basic and diluted share...

Firms dole out regular rewards to retain brass.
Byline: Bhanu Pande It's an annual affair at Genpact to identify 35 star leaders within the company and fly their families on a vacation. This is apart from regular ritual of recognising high performing leaders in every board meeting. Even as salary levels soar and are a...

IIM grads flying high.
Byline: Kumar Manish AHMEDABAD: The first batch of IIM Ahmedabad's post-graduate programme for executives (PGPX) is going places. A student has bagged the highest domestic salary yet, notching up to the tune of Rs 40 lakh, offered by a telecom company. Close on the heels...

TexCom Biodiesel Plant Completes $19.2 Million Debt Facility.
HOUSTON, Dec. 6 /PRNewswire-FirstCall/ -- TexCom, Inc. (OTC Pink Sheets: TEXC) and Houston Biodiesel, LLC today announced that Houston Biodiesel, a subsidiary of TexCom, Inc., has closed on Senior Debt of $14.2 Million and a Revolving Credit Facility of $5 Million from Stearns Bank National Association of St. Cloud,...