Tag Archives: Corporate Culture

The ESOP Podcast Episode 30 -Improving the Bottom Line: A Technical Look at Employee Ownership Culture and Value

The ESOP Podcast Episode 30 – Improving the Bottom Line: A Technical Look at Employee Ownership Culture and Value

This episode of The ESOP Podcast is a recording of the “Improving the Bottom Line: A Technical Look at Culture & Value” presentation given at the National Center for Employee Ownership (NCEO) 2018 Annual Conference, #NCEO18, in Atlanta, Georgia on Wednesday, April 18th from 3:00 PM-4:15 PM.  The presenters are Ed Wilusz ASA, CFA, Managing Director of Value Management, Inc, Matt Hancock of Praxis Consulting Group, and our own Bret Keisling of Capital Trustees.


 

Click below to download the accompanying “Improving the Bottom Line” slide show presentation:

Improving the Bottom Line

DISCLAIMER: The opinions expressed in this presentation and the presentation materials are not intended to be used as legal advice. Please consult with counsel as necessary.

Matt Hancock, Ed Wilusz, and Bret Keisling

Matt Hancock, Ed Wilusz, and Bret Keisling of Capital Trustees presenting “Improving the Bottom Line” at the Multi-state ESOP Conference in Scranton, PA on September 17, 2017.


More about Ed Wilusz and Value Managment, Inc.

[Photo Credit: Value Managment, Inc. ]

Value Management Inc.

“Ed Wilusz has been actively engaged in the appraisal profession since 1980. He has qualified as a business valuation expert witness and provided testimony in the following states: Pennsylvania, New Jersey, New York and Ohio. He is a Senior Member – Business Valuation in the American Society of Appraisers; a Chartered Financial Analyst (CFA); a past member of the ESOP Association’s Valuation Advisory Committee and Past Chairman of Sub-Committee to update Valuing ESOP Shares; Past-Director and Past-President of Bucks County Estate Planning Council; and Past-President of the Philadelphia Chapter of American Society of Appraisers. Ed is past chairman of Pearl S. Buck International and Director of the Bucks County College Foundation Board.” [Source: Value Managment, Inc. , Our Team]

For over 25 years, Value Management Inc. has acted as a financial advisor to both newly-formed and existing Employee Stock Ownership Plans (“ESOP”s) to assist the ESOP in transactions to acquire stock of the sponsor company. With over 125 years of combined valuation experience, Value Management Inc.’s team has prepared fairness opinions for dozens of ESOP transactions involving large, medium and small-sized companies. Value Management Inc.’s role is to provide the ESOP with an independent determination of the value of the stock that the ESOP is acquiring to ensure that the ESOP does not pay more than adequate consideration as defined in ERISA. It is Value Management Inc.’s consistent objectivity and independence that gives us our reputation for integrity. Our experienced analysts work closely with the ESOP attorneys and trustees throughout the transaction process. Our goal is to make the ESOP transaction process as smooth and transparent as possible.

[Source: Value Managment, About Us]

You can hear our in-depth interview with Ed Wilusz in Episode 4 of the ESOP Podcast.

More about Matt Hancock and Praxis Consulting Group

Matt Hancock

Praxis CG

Matt Hancock [Source: Praxis, Our People]

“Matt Hancock is a Consultant at Praxis, where he assists clients in developing and implementing high-engagement workforce strategies. Matt brings 12 years of domestic and global experience in education, employee ownership and change management to the team. His key competencies include leadership development, building high performance ownership cultures, process improvement, vision, strategy and governance.

Before joining Praxis, Matt served as co-founder and Executive Director of Chicago Tech Academy (ChiTech), Chicago’s first tech-focused high school serving low-income, inner-city students. Under Matt’s leadership, ChiTech achieved some of the city’s strongest test score improvements by building an organizational culture of collaboration, participation and employee empowerment.

Prior to co-founding ChiTech, Matt was the Associate Director of the Center for Labor and Community Research (CLCR) in Chicago, where he served as a trusted liaison to constituencies in manufacturing, labor, and government.

Before joining CLCR Matt lived, worked and studied in Bologna, Italy. As a consultant with Istituto per il Lavoro (Institute for Labor), Matt collaborated with major European institutes, manufacturers and labor unions on research into participatory forms of work organization, process improvement and supply-chain management.

Matt is also a recognized expert on the Italian cooperative movement, and an accomplished public speaker, writer, and thought leader. He is the author of Compete to Cooperate, a book about the cooperatives of Imola, Italy–one of the most successful, and enduring, experiences in employee ownership in history.

Matt is a past Board member of several non- and for-profit organizations including, most recently, the Freelancers Insurance Company, a for-profit insurer committed to providing affordable, effective health insurance to freelance and contingent workers in New York.

Matt earned an MBA in Cooperative Economics from the University of Bologna (Italy), where he studied governance, finance and strategy in the region’s top employee-owned firms, and a BA in history from Skidmore College.”

You can hear our in-depth interview with Matt Hancock in Episode 2 of the ESOP Podcast.

More about Bret Keisling, Capital Trustees, LLC

And, of course, you can learn more about our own Managing Director, Bret Keisling, on our about page, or listen to ESOP Podcast Episode 1: Introduction.


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We Want to Hear from YOU

Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The 12 Days of ESOPs, Day 9: Jason Wellman of ESOP Partners on Employee Communication

The 12 Days of ESOPs, Day 9: Jason Wellman of ESOP Partners on Employee Communication

We’re celebrating the spirit of the ESOP Movement with The Twelve Days of ESOPs.

12 Days of ESOPs
 
Our guests over these twelve days hail from a variety of fields in ESOP World – from lawyers, to valuators, to CEOs, and even employee owners themselves – each bringing their own unique outlook and experience to our ongoing conversation about what makes ESOP participation so valuable to companies.
 
On the ninth day of ESOPs, our guest is Jason Wellman, Senior ESOP Relationship Consultant with ESOP Partners.  Jason Wellman specializes in communicating, educating, teaching, training, and presenting about ESOPs so that employees understand this unique, non-traditional benefit.  
 .
💃💃💃💃💃💃💃💃💃 Keep on your toes! Just like great dancers, great businesses need excellent communication with their partners. A correct and consistent communication plan helps ESOPs reap the rewards of an engaged workforce.

More about ESOP Partners

ESOP Partners

ESOP Partners is based in northeastern Wisconsin and serves companies across the United States.  They offer comprehensive ESOP services including ESOP administration, compliance, planning, and consulting.

More about Jason Wellman

Jason Wellman,  Senior ESOP Relationship Consultant with ESOP Partners [Photo Credit: ESOP Partners]

Jason Wellman “helps ESOP companies by developing a comprehensive Ownership Culture through proactive educational resources for all participants to improve their understanding of ESOPs’ unique benefits.

He has over 20 years of experience in sales and sales management, specializing in internal and external training and education. Prior to working with ESOP Partners, Jason served as a Regional Sales Specialist for Ariens, a leading manufacturer of outdoor power equipment, and a Regional Sales Director for GNC, a nutritional supplement company that is the largest of its kind worldwide.

He is a member of the ESOP Association Advisory Committee on Ownership Culture and Communications and of the Minnesota & Dakotas ESOP Chapter Membership Committee. Jason is also a contributing author for the ESOP Association’s ESOP Report on Ownership Advantage topics to improve ESOP culture and communications for the Association’s members.

In his free time, Jason is a devoted Green Bay Packers fan and attends games frequently with his wife, Anne.  He enjoys spending time playing sports with their three children, Brady, Tyler, and Leah.  He is also actively involved in his local church, serving as a Sunday School teacher and Awana Captain.” [Source: ESOP Partners, Our Team]

Twitter:

As mentioned during the podcast, we originally ‘met’ Jason over Twitter. You can join us in following him on Twitter @1_wellman, and follow ESOP Partners at @ESOPPartners.  You can follow Bret at CapTrusteesBret.


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The ESOP Podcast Episode 12

The ESOP Podcast Episode 12 – Jason Wellman of ESOP Partners on Employee Communication

Our guest is Jason Wellman, Senior ESOP Relationship Consultant with ESOP Partners.  Jason Wellman sat down with Bret Keisling of Captial Trustees, LLC  during the 3rd Annual Great Lakes Regional ESOP Association Conference held October 19-20, 2017 at the Kalahari Resort & Convention Center, Sandusky, OH.

Jason Wellman specializes in communicating, educating, teaching, training, and presenting about ESOPs so that employees understand this unique, non-traditional benefit.  Companies will reap a great return on investment by deploying a correct and consistent communication plan and culture in the first thirty-six months to five years of a new ESOP.


More about ESOP Partners

ESOP Partners

ESOP Partners is based in northeastern Wisconsin and serves companies across the United States.  They offer comprehensive ESOP services including ESOP administration, compliance, planning, and consulting.

More about Jason Wellman

Jason Wellman,  Senior ESOP Relationship Consultant with ESOP Partners [Photo Credit: ESOP Partners]

Jason Wellman “helps ESOP companies by developing a comprehensive Ownership Culture through proactive educational resources for all participants to improve their understanding of ESOPs’ unique benefits.

He has over 20 years of experience in sales and sales management, specializing in internal and external training and education. Prior to working with ESOP Partners, Jason served as a Regional Sales Specialist for Ariens, a leading manufacturer of outdoor power equipment, and a Regional Sales Director for GNC, a nutritional supplement company that is the largest of its kind worldwide.

He is a member of the ESOP Association Advisory Committee on Ownership Culture and Communications and of the Minnesota & Dakotas ESOP Chapter Membership Committee. Jason is also a contributing author for the ESOP Association’s ESOP Report on Ownership Advantage topics to improve ESOP culture and communications for the Association’s members.

In his free time, Jason is a devoted Green Bay Packers fan and attends games frequently with his wife, Anne.  He enjoys spending time playing sports with their three children, Brady, Tyler, and Leah.  He is also actively involved in his local church, serving as a Sunday School teacher and Awana Captain.” [Source: ESOP Partners, Our Team]

Twitter:

As mentioned during the podcast, we originally ‘met’ Jason over Twitter. You can join us in following him on Twitter @1_wellman, and follow ESOP Partners at @ESOPPartners.  You can follow Bret at CapTrusteesBret.


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The ESOP Podcast Episode 8

The ESOP Podcast Episode 8 – Kevin McPhillips of the Pennsylvania Center for Employee Ownership (PaCEO) on Promoting ESOP Awareness

Our guest is Kevin McPhillips, executive director of the Pennsylvania Center for Employee Ownership (PaCEO).  Kevin McPhillips sat down with Bret Keisling of Captial Trustees, LLC to discuss promoting ESOP awareness, and how ESOPs benefit employees and businesses in Pennsylvania and beyond.

The Pennsylvania Center for Employee Ownership (PaCEO) promotes a better understanding of the values of employee ownership among business leaders, public officials, employees, members of the media, students, teachers, nonprofit leaders, consumers, and other persons and organizations in Pennsylvania.  Capital Trustees is proud to be one of the founding sponsors of this organization.

As discussed in the podcast, the benefits of ESOPs extend far beyond the borders of Pennsylvania. The PA Center of Employee Ownership is affiliated with the National Center for Employee Ownership which continues the work of ESOP awareness on a national level.


More about Kevin McPhillips

Kevin McPhillips, Executive Director PaCEO [Photo Credit: Pennsylvania Center for Employee Ownership]

Kevin McPhillips has enjoyed more than 30 years working in both non-profit and private leadership. Before joining the PaCEO, McPhillips served as CEO of 1000 Museums, the leading online community destination for museums and exhibitions from around the world. Prior, he was President of The Princeton Companies, handpicked by the Governor’s Office as a model of NJ Business growth, served as President of Direct Group, one of the nation’s largest Direct Marketing firms, and spent 8 years leading non-profit centers for citizens with special needs. His experiences managing and owning businesses taught him that employee ownership and investment IS good business. Kevin is a product of Northwestern University.

More about the Pennsylvania Center for Employee Ownership

The Pennsylvania Center for Employee Ownership (PCEO) promotes a better understanding of the values of employee ownership among business leaders, public officials, employees, members of the media, students, teachers, nonprofit leaders, consumers, and other persons and organizations in Pennsylvania.

The objectives of the PCEO are as follows:

  1. Raise awareness. Promote greater awareness of employee ownership as a form of business succession planning among various stakeholders in Pennsylvania.
  2. Create more employee ownership. Increase the number of new, and percentage ownership of existing employee-owned companies in the state.
  3. Improve the Pennsylvania economy. Strengthen the state’s economy by retaining and expanding the local workforce through employee ownership.

[Source: Pennsylvania Center for Employee Ownership, About Us]


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The ESOP Podcast Episode 2

The ESOP Podcast Episode 2 – Interview with Matt Hancock of Praxis CG

Bret Keisling sits down with Matt Hancock, from the Praxis Consulting Group, at the September 2017 ESOP Association Multi-State Conference – PA/DE and NY/NJ Chapter Meeting to talk about ESOPs and company culture.

IMG_8720

 


More about Matt Hancock

Matt Hancock

Matt Hancock [Source: Praxis, Our People]

“Matt Hancock is a Consultant at Praxis, where he assists clients in developing and implementing high-engagement workforce strategies. Matt brings 12 years of domestic and global experience in education, employee ownership and change management to the team. His key competencies include leadership development, building high performance ownership cultures, process improvement, vision, strategy and governance.

Before joining Praxis, Matt served as co-founder and Executive Director of Chicago Tech Academy (ChiTech), Chicago’s first tech-focused high school serving low-income, inner-city students. Under Matt’s leadership, ChiTech achieved some of the city’s strongest test score improvements by building an organizational culture of collaboration, participation and employee empowerment.

Prior to co-founding ChiTech, Matt was the Associate Director of the Center for Labor and Community Research (CLCR) in Chicago, where he served as a trusted liaison to constituencies in manufacturing, labor and government.

Before joining CLCR Matt lived, worked and studied in Bologna, Italy. As a consultant with Istituto per il Lavoro (Institute for Labor), Matt collaborated with major European institutes, manufacturers and labor unions on research into participatory forms of work organization, process improvement and supply-chain management.

Matt is also a recognized expert on the Italian cooperative movement, and an accomplished public speaker, writer, and thought leader. He is the author of Compete to Cooperate, a book about the cooperatives of Imola, Italy–one of the most successful, and enduring, experiences in employee ownership in history.

Matt is a past Board member of several non- and for-profit organizations including, most recently, the Freelancers Insurance Company, a for-profit insurer committed to providing affordable, effective health insurance to freelance and contingent workers in New York.

Matt earned an MBA in Cooperative Economics from the University of Bologna (Italy), where he studied governance, finance and strategy in the region’s top employee-owned firms, and a BA in history from Skidmore College.”

IMG_8699

 

More about Praxis Consulting Group

Praxis CG

“Praxis Consulting Group, Inc. was founded in Philadelphia in 1995 by two of our principals, Ginny Vanderslice and Alex Moss.

Initially we provided communication, training and organizational development services primarily to employee-owned companies. While we continue to work extensively with employee-owned companies, our practice has expanded to include work with nonprofits, socially responsible businesses and other organizations interested in developing workplace cultures that maximize employee engagement and responsibility. With the addition of consultants, Praxis has broadened its services to include: leadership development, coaching, union-management partnerships, process improvement strategies, strategic planning, governance, and conflict management.”

Source: Praxis Consulting Group, Our History


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