deborah groban olson

Attorney at Law Specializing in employee ownership and cooperatives

deborah groban olson

Attorney at Law
Specializing in employee ownership and cooperatives

313-331-7821

313-331-7821

ESOPs

New video of webinar “How a Co-op ESOP Hybrid Works”

How a Co-op ESOP Hybrid Works – If you missed this Feb. 21 webinar, you can now watch the recording here:

You can also get the session materials, slides, and more here.

Democratic ESOPs or ESOPs with co-op features has been a specialty of Deb Olson’s law practice for 38 years. Once Again Nut Butter Collective (OANB) is the featured example company in this webinar. OANB’s CEO, Bob Gelser, a worker board member, Scott Owens, and Deb, who is board chair of OANB will present on the two and ½ years of work that has led to the OANB participatory decision making system, and the history leading to it. Deb spoke about legal mechanisms and issues. Bob and Scott talked about the practical issues of making a participatory workplace of 80 people function efficiently. Chris Cooper of the Ohio Employee Ownership Center (OEOC) moderated.

This event was cosponsored by the Groban Olson Law Firm, the Center for Community Based Enterprise (C2BE), the Ohio Employee Ownership Center at Kent State University (with support from the USDA's Rural Cooperative Development Program); Horizon Trust & Investment Management; and Once Again Nut Butter Collective, Inc.

North Coast Brass and Copper Co.

Extensive Employee Control

In 1987, the 535 employees of Chase Brass, the sheet metal division of BP America, Inc., were about to lose their jobs to a plant closing. The division made copper and brass sheets used largely for auto and electrical manufacturing. BP America indicated an openness to a deal with division employees, and on Jan. 29, 1988, the workers began to experience life as owners of the newly renamed North Coast Brass & Copper Co.

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United Food and Commercial Workers (UFCW)

UFCW negotiated an ESOP with a significant union role in corporate governance and representation agreement for new stores. Since

2011 this 100% employee- owned chain of 76 grocery stores, with over 15,000 employees,  has already expanded to 80 unionized stores.

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Paper Mill

Paper Mill Employee Ownership Negotiations for PACE International Union

In the late 1980’s and early 1990’s there was a major contraction in the US paper manufacturing capacity. Attorney Olson provided assistance and advice to PACE International Union concerning potential employee buyouts of Eastern Fine Papers, Shasta Paper, Cornell Globe,  Sebewaing; I.P. Natchez, Ms., and Passadumkeag Sawmill.

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Homeland Grocery

United Food and Commercial Workers (UFCW) negotiated an ESOP (Employee Stock Option Plan) with union corporate governance role and representation for new stores.

UFCW negotiated an ESOP with a significant union role in corporate governance and representation agreement for new stores. Since 2011 this 100% employee-owned chain of 76 grocery stores, employing over 15,000 people, has already expanded to 80 unionized stores.

Read more ...

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