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Posts from the ‘ESOP’ Category

National Pi Day

HZ1226Today, March 14th is Sarah, my youngest daughter’s, birthday.  She has assured me over the years that this is a significant holiday that should be properly recognized.  It turns out that she is correct as March 14th is National Pi day.  In fact, this year marks the 26th anniversary of celebrating all things pi. 

A little background on Pi

For those of you like me that haven’t taken a math class in decades, Pi is the ratio of the circumference of a circle divided by its diameter. It is approximated at 3.14 (which means that the distance around the circle is 3.14 times the distance across the circle) although the actual number has been calculated to ten trillion digits (1013).   Read more

The Top 10 of ESOPs

Let’s face it, Americans love top 10 lists.  David Letterman includes one in every episode of the show, and if you Google top 10 lists you will find an array of results that range from the predictable to the just plain strange.

HZ1427A recent search result included:

  • 10 absurd trademark claims
  • 10 video game characters with real-life prototypes
  • 10 competitive eating achievements NOT to be tried at home

I recently put together a top 10 list (of sorts) for Employee Stock Ownership Plans (ESOPs). It outlines in ten steps the activities that need to be completed to put a plan in place.

The ten steps are:

(1)        Engage your ESOP consultant

Read more

It’s All About Me, Not Me and Us

Recently I was returning to Des Moines from New York City via Minneapolis.  The flight out of New York City’s Laguardia Airport was delayed and there were several passengers that were going to have very tight connections (and to compound the issue many of those connections were the last flight of the day).  The flight attendant asked those passengers with Minneapolis as their final destination to let the others exit first to increase their likelihood of making their connecting flights.

HZ1226

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Plan Ahead to Avoid Giant Cockroaches

In the 1997 movie, Men in Black, Agent K (played by Tommy Lee Jones) and Agent J (played by Will Smith) saved the universe from an intergalactic terrorist (which looked a lot like a giant cockroach).  During an early exchange with J, K states:

“1,500 years ago, everybody knew that the Earth was the center of the universe. 500 years ago, everybody knew that the Earth was flat. And 15 minutes ago, you knew that humans were alone on this planet. Imagine what you’ll know tomorrow.”

Clock

Imagine what you’ll know tomorrow.  If only business owners could answer that question today things would be much simpler for them.  Read more

1974 Was a Good Year

On September 2, 1974 President Gerald Ford signed the Employee Retirement Income Security Act (ERISA) into law.  This landmark bill included provisions creating Employee Stock Ownership Plans (ESOPs).  ESOPs have allowed millions of American workers to experience the benefits of company ownership.

Harness the power

ESOPs weren’t the only famous invention in 1974.  The brightly colored Hasbro® Rubik’s Cube was also introduced.  People spent countless hours twisting and turning trying to solve the puzzle.  They found that the toy allowed almost limitless flexibility (and frustration for many).

Rubix Read more

A Change of Pace

For more than six months I have been posting about Employee Stock Ownership Plans. I thought we would change it up with this post and use a short video (11:8) to highlight many of the advantages of ESOPs. Let me know what you think or if you have ideas for future posts.

In addition to blogging here, I also tweet regularly about topics of interest to ESOPs. Click to follow me on Twitter-  @jlripperger  .

Click here to follow my ESOP blog Read more

4:44 of Fame

ClockIn 1968 Andy Warhol stated “In the future, everyone will be world-famous for 15 minutes.”  This statement seems less prophetic in the Internet age combined with reality shows dominating prime time television than it did at the time. Yet it remains a goal for many.

I recently used up 4 minutes and 44 seconds of my 15 minutes in an Advisor TV interview discussing Employee Stock Ownership Pans (ESOPs).

Click here to view the video

I’m fairly confident that this would not meet Warhol’s definition of world-famous but I have 10 minutes and 16 seconds left. Stay tuned, I plan to use every second.

In addition to blogging here, I also tweet regularly about topics of interest to ESOPs. Click to follow me on Twitter- @jlripperger .

Click here to follow my ESOP blog Read more