Mary Tyler Moore Has Lessons for Business, Too

Cheryl Gallup is a Senior Business Consultant at ESOP Partners and has an extensive track record of delivering comprehensive business solutions to a variety of industries.

The headline flashed across my screen and I did a double take, then gasped, then let out a heavy sigh.  Oh no.  Mary Tyler Moore is gone.  Moore became famous in her role on “The Dick Van Dyke Show,” but I watched her as Mary Richards on “The Mary Tyler Moore Show.”  While the show was comedy, it was so much more to me and to women everywhere.  It pushed gender equality and many other cultural issues into the mainstream.  And to top it off, she was single, and it was her choice. 

S. 1212: Promotion and Expansion of Private Employee Ownership Act of 2015

S. 1212: Promotion and Expansion of Private Employee Ownership Act of 2015 was introduced on May 6, 2015, by Sen. Benjamin Cardin [D-MD], and is co-sponsored by Ayotte, Kelly [R-NH], Blunt, Roy [R-MO], Collins, Susan [R-ME], Crapo, Michael [R-ID], Franken, Alan “Al” [D-MN], Heitkamp, Heidi [D-ND], Klobuchar, Amy [D-MN], Leahy, Patrick [D-VT], Risch, James [R-ID], Roberts, Pat [R-KS], Stabenow, Debbie [D-MI], Thune, John [R-SD], and Whitehouse, Sheldon [D-RI]. Baldwin, Tammy [D-WI], Sanders, Bernard “Bernie” [I-VT], King, Angus [I-ME], and Kirk, Mark [R-IL] have also co-sponsored the legislation.  It has been referred to the Senate Finance committee.

H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015

H.R. 2096: Promotion and Expansion of Private Employee Ownership Act of 2015 was introduced on April 29, 2015, by Rep. Reichert [R-WA], and was originally co-sponsored by Blumenauer, Earl [D-OR]Boustany, Charles [R-LA], Kind, Ron [D-WI]Neal, Richard [D-MA]Pascrell, Bill [D-NJ]Paulsen, Erik [R-MN], and Tiberi, Patrick “Pat” [R-OH].  As of May 21, 8 additional co-sponsors have signed on to the legislation: Ashford, Brad [D-NE2], Dold, Bob [R-IL10], Moore, Gwen [D-WI4], Conyers, John [D-MI13], Davis, Rodney [R-IL13], Goodlatte, Bob [R-VA6], Marchant, Kenny [R-TX24], and Smith, Jason [R-MO8].  It has been referred to the House Education and the Workforce Committee, the House Small Business Committee, and the House Ways and Means Committee.

H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014

H.R. 4837: Promotion and Expansion of Private Employee Ownership Act of 2014 was introduced on June 11, 2014, by Rep. Reichert [R-WA], and was originally co-sponsored byBlumenauer, Earl [D-OR]Boustany, Charles [R-LA]Kind, Ron [D-WI]Neal, Richard [D-MA]Pascrell, Bill [D-NJ]Paulsen, Erik [R-MN], and Tiberi, Patrick “Pat” [R-OH].  As of July 31additional co-sponsors include Fitzpatrick, Michael [R-PA]Ruppersberger, A. Dutch [D-MD]Bonamici, Suzanne [D-OR]Moore, Gwen [D-WI]Jenkins, Lynn [R-KS]Peters, Gary [D-MI],Roskam, Peter [R-IL]Thompson, Mike [D-CA]Courtney, Joe [D-CT]Reed, Tom [R-NY]Connolly, Gerald [D-VA], and Schock, Aaron [R-IL].  It has been referred to the House Education and the Workforce Committee, the House Small Business Committee, and the House Ways and Means Committee.

Pro-ESOP Legislation Introduced by Sen. Bernie Sanders

press release from the office of Sen. Bernard Sanders [I-VT] announces the introduction of S. 2411: United States Employee Ownership Bank Act and S. 2412: Employee Ownership and Participation Initiative that would expand employee stock ownership plans (ESOPs) and employee ownership:

S. 2412: Employee Ownership and Participation Initiative

S. 2412: Employee Ownership and Participation Initiative was introduced on June 2, 2014, by Sen. Bernard Sanders [I-VT] and co-sponsored by Sen. Sherrod Brown [D-OH], and Sen. Patrick Leahy [D-VT].  It has been referred to the  Senate Committee on Health, Education, Labor, and Pensions, and the committee chair, Sen. Thomas “Tom” Harkin [D-IA] will determine whether the bill will move past the committee stage.

S. 2411: United States Employee Ownership Bank Act

S. 2411: United States Employee Ownership Bank Act was introduced on June 2, 2014, by Sen. Bernard Sanders [I-VT] and co-sponsored by Sen. Sherrod Brown [D-OH], and Sen. Patrick Leahy [D-VT].  It has been referred to the Senate Committee on Banking, Housing, and Urban Affairs, and the committee chair, Sen. Tim Johnson [D-SD], will determine whether the bill will move past the committee stage.

National ESOP Coverage: Bob’s Red Mill Natural Foods



In the News: Using an ESOP to Quickly Transition Ownership and Management

Atlas Steel Products Co. (Twinsburg, OH)

In the News: Succession Plan and Investment Opportunity, Incentive to Make Customer Service and Customer Retention a Top Priority

Indiana IT Company Becomes Employee Owned is a press release that describes how the AME Group, an Indiana IT consulting group, has sold the remainder of their company to an ESOP as part of a succession plan:

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