Tag Archives: Ownership Culture

Mini-cast: Empowering Employee Owners with Rob Zicaro

The ESOP Podcast Mini-cast 2: Empowering Employee Owners with Rob Zicaro

Welcome to the “ESOP Mini-cast”, a short, topical podcast that is a great way to wrap up the week! This week we share quick tips and highlights from ESOP advocate Rob Zicaro on the importance of creating a strong employee-ownership culture.

 

You can read the full transcript of this mini-cast here: The ESOP Podcast Mini-cast 17 August 17 2018.

To take a deeper dive into this topic, tune into “The ESOP Podcast Episode 22 – Rob Zicaro on Employee Ownership.


More about Rob Zicaro

Rob Zicaro [Source: RobZ Music]

Rob Zicaro is an ESOP advocate, speaker, and consultant, and a singer-songwriter. He spent 26 years as an employee-owner at Web Industries, and he shares his insider’s perspective from his years as an active employee-owner, as well as his current experience enjoying this unique benefit and continuing his career in music at RobZMusic.com . Rob offers a lot of food for thought for both current and prospective employee owners, with an emphasis on the importance of developing a culture of communication and mutual respect

You can follow @RobZicaro on Twitter and his daily ESOP food for thought here.

You can find more about Rob’s music on his webpage RobZMusic.com, or subscribe to Rob’s music on Soundcloud here.

More about Web Industries

“A 100% employee-owned company, Web Industries, Inc., is the largest and most diverse provider of flexible material converting and end-product manufacturing services for the Advanced Composites, Medical, Consumer Health & Hygiene, Multi-Layer Insulation, and Wire & Cable markets. Utilizing the widest array of slitting, spooling, winding, and ply formatting configurations in the business, Web formats composites, nonwovens, specialty films, papers, foils, laminates, and foams for downstream manufacturing. Web specializes in developing optimized material processing solutions that deliver converted materials on custom-designed spools, planetary rolls, planetary pads, and ply kits for efficient, cost-effective product manufacturing. ”

“A 100% employee-owned company, Web Industries has been a vocal proponent of EO for decades, and the company’s employee-owners have long been active within the local, regional, and national EO communities. Web’s employee-owners have even provided valuable insights on the topic to US Presidents and Congress. Every person at Web is a stakeholder in the company, and they know that the company’s success is driven by the success of our customers. This makes us stewards of their business as well as ours and drives us to constantly improve our processes, discover new efficiencies, and develop new capabilities to meet market needs.” [Source: Web Industries, Marlborough, MA]


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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 ESOP Podcast Summer School – Session 1: Improving the Bottom Line

The ESOP Podcast Summer School – Session 1: Improving the Bottom Line

It’s summertime!  Time to put those extra after-work daylight hours to good use. Get out for a long bike ride, take a stroll in the park, or just sit on the porch with your feet up.  If you are looking for some good company during your summer activities, we have a great suggestion; join us for “The ESOP Podcast Summer School” now in session! We’ve curated a special summer series of podcasts from recent conferences designed to let you sit back, relax, and get up-to-date on all things ESOP.  (Check out all the “lessons” here.)

First up: “Improving the Bottom Line: A Technical Look at Culture & Value” (Episode 30, originally broadcast on April 24th, 2018). This presentation was given at the National Center for Employee Ownership (NCEO) 2018 Annual Conference – a.k.a. #NCEO18 – in Atlanta, Georgia on April 18th , 2018.  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 ESOP Podcast Ep 36 – Susan Wilusz, Marketing Director at Value Managment, Inc., on Women in ESOPs

The ESOP Podcast Episode 36 – Susan Wilusz, Marketing Director at Value Managment, Inc., on Women in ESOPs

This week we speak with Susan Wilusz, Marketing Director at Value Managment, Inc. (VMI) Investment Banking and Advisory Services. After a brief introduction of herself and her firm, Susan Wilusz spoke with Capital Trustee’s Client Engagement officer Brian Keisling about her work coordinating the successful “Women in ESOP Workshop” held on April 18th, 2018 at the Atlanta #NCEO18 Conference, and on growing the network of women in ESOPs.

You can read the full transcript of this episode here.

You can listen to the previous episodes referenced in this podcast:

You can read more about the “Heidi versus Howard” business case mentioned at the 14:20 mark here.

You can watch the start of the recording of Episode 36 on Periscope here.

Brian Keisling of Capital Trustees speaking with Susan Wilusz on Periscope for The ESOP Podcast


More about Susan Wilusz

Susan Wilusz

“Susan Wilusz Marano is the Marketing Director at Value Management IncVMI is a financial consulting firm specializing in valuing businesses, corporate securities, and professional practices. VMI also facilitates mergers and acquisitions. Susan is responsible for the marketing and business development within the firm. This includes working closely with others, overseeing the marketing functions and coordinating speaking engagements. In addition, she oversees the publication of the company newsletter and other corporate communications. Mrs. Marano graduated from Philadelphia University with a Bachelor of Science in Marketing.” [Source: Value Managment, Inc., About the Team]

More about Value Managment, Inc.

Value Management Inc.

“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.”

[Soure: Value Managment, About Us]


Subscribe!

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 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.


Subscribe!

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 ESOP Podcast Episode 22 – Rob Zicaro on Employee Ownership

The ESOP Podcast Episode 22 – Rob Zicaro on Employee Ownership

Our guest is Rob Zicaro, an ESOP advocate, speaker, and consultant, and a singer-songwriter. He spent 26 years as an employee-owner at Web Industries, and he shares his insider’s perspective from his years as an active employee-owner, as well as his current experience enjoying this unique benefit and continuing his career in music at RobZMusic.com.  Rob offers a lot of food for thought for both current and prospective employee owners, with an emphasis on the importance of developing a culture of communication and mutual respect.

Here’s the video of Rob Zicaro speaking at “The Future of the American Workplace” conference, July 26th, 1993, as heard at the 05:15 mark in this podcast episode.

 

@CapTrusteesBret kicked off this podcast from Worcester, Massachusetts on Periscope here.


More about Rob Zicaro

Rob Zicaro [Source: RobZ Music]

“Professional songwriter who writes, produces, arranges, and mixes original radio-ready songs. Also an employee ownership advocate with 26 years experience.” You can follow @RobZicaro on Twitter and his daily ESOP food for thought here.

You can find more about Rob’s music on his webpage RobZMusic.com, or subscribe to Rob’s music on Soundcloud here.

More about Web Industries

“A 100% employee-owned company, Web Industries, Inc., is the largest and most diverse provider of flexible material converting and end-product manufacturing services for the Advanced Composites, Medical, Consumer Health & Hygiene, Multi-Layer Insulation, and Wire & Cable markets. Utilizing the widest array of slitting, spooling, winding, and ply formatting configurations in the business, Web formats composites, nonwovens, specialty films, papers, foils, laminates, and foams for downstream manufacturing. Web specializes in developing optimized material processing solutions that deliver converted materials on custom-designed spools, planetary rolls, planetary pads, and ply kits for efficient, cost-effective product manufacturing. ”

“A 100% employee-owned company, Web Industries has been a vocal proponent of EO for decades, and the company’s employee-owners have long been active within the local, regional, and national EO communities. Web’s employee-owners have even provided valuable insights on the topic to US Presidents and Congress. Every person at Web is a stakeholder in the company, and they know that the company’s success is driven by the success of our customers. This makes us stewards of their business as well as ours and drives us to constantly improve our processes, discover new efficiencies, and develop new capabilities to meet market needs.” [Source: Web Industries, Marlborough, MA]


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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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