NEWSLETTER - MÄRZ 2007
/ Mitarbeiterkapitalbeteiligungsmodelle in Deutschland
Investivlohn- / Mitarbeiterkapitalbeteiligungsmodelle in
Deutschland Insgesamt 3.750 Unternehmen praktizieren in
Deutschland Modelle zur Kapitalbeteiligung ihrer Mitarbeiter.
The European Council of Finance Ministers
calls for more employee ownership
European companies must give workers a bigger
share of their soaring profit or risk igniting a “crisis
in legitimacy” in the continent’s economic model, Germany’s
finance minister warned on last Ecofin Council of Ministers.
The idea of using initiatives, such as employee share ownership
schemes, to increase the link between profit and worker
benefits was discussed, the debate having even some “Thatcherite
overtones” – a reference to the former British prime minister’s
promotion of employee share ownership schemes. Weitere
The CoCo Report: Work, Happiness and Employee
Companies where workers have a say in decisions
and a stake in ownership are more productive because staff
are happier, according to a new report in the UK. The study
found absence levels were lower and workers were more committed
in "co-owned" companies. The British Government
was urged to introduce tax incentives to encourage the launch
of more co-owned companies. Download
the full report
First Investment Fund based on the employee
share ownership index
In December, Euronext together with the French Federation
of Employee Shareholders' Associations launched its Indice
de l'Actionnariat Salarié (Employee Share Ownership
Index). They launch now a first investment fund based on
the index. Weitere
Strong differences between European companies
In former issues, we underlined the fact that employee ownership
shows major differences between European companies in the
bank sector, as well as in Transports and logistics. Let's
see now how it is in the food industry, drinks, tobaccos
and personal care products (see column on right side).
new information about employee ownership in February 2007,
with 1.867 articles in our press review (on which 879 about
stock options and 232 about workers' co-operatives).
We made a selection of 57 remarkable articles in 11 countries:
Australia, Colombia, France, Germany, India, Italy, Nigeria,
South Africa, Sweden, United Kingdom, USA.
Scandals: Still many articles about scandals on backdating
stock options as well as about executives' remuneration,
golden handshakes, etc (similar scandals recently about
Goldman Sachs in the US, Printemps in France, Hardie's boss
Hellicar in Australia).
France: Many questions about LBOs and the role of
investment funds. Employee shareholders reinforce their
position within Eiffage through a dedicated investment company.
Germany: Questions are still open about the new employee
ownership model in Rheinland-Pfälz's: Will it be also applied
at German federal level?
India: Hundreds articles in India and in the world's
press about Indian Finance Minister's decision to bring
employee stock options under taxation.
United Kingdom: News from Tower Colliery, the famous
coal mine which turned workers' coop in 1995. Government
was urged to introduce tax incentives to encourage
the launch of more John Lewis-style co-owned companies (see
"the CoCo Report").
United States: Hundreds news about employee-owned
companies. Many articles about the Chicago billionaire Sam
Zell to organize a buyout of some major newspapers (Chicago
Tribune and others) with the participation of an employee
stock ownership plan. Finally, some presentations about
the new market way to value options, that the SEC approved
South Africa: Astral Group was tackled on why share
ownership schemes were still not in place for black employees.
At the opposite, the new Anglo Inyosi Coal BEE transaction
is ostensibly the broadest and deepest ever.
The press review is available
WHAT ABOUT YOU?
This is how much an employee holds in average, in shares
Nestle 449 €
KerryGroup 1.351 €
Unilever 209 €
Orkla 2.011 €
Unilever 1.609 €
Danisco 4.698 €
JeronimoMartins 11 €
Richemont 7.079 €
SwatchGroup 449 €
ChristianDior 4.503 €
GUSGroup 6.115 €
Lindt 10.244 €
Suedzucker 739 €
InBev 1.372 €
PernodRicard 39.416 €
Heineken 0 €
Diageo 14.259 €
SABMiller 2.384 €
Carlsberg 25 €
Henkel 2.898 €
Wella 10.124 €
L'Oréal 6.838 €
Essilor 25.738 €
Danone 4.064 €
Altadis 24.720 €
SwedishMatch 2.259 €
BritAmTobacco 3.734 €
ImpTobacco 4.710 €
GallaherGroup 3.163 €
UBS 87.000 €
Total 47.000 €
Novartis 48.000 €
Mondragon 54.000 €
DeutscheBank 61.000 €
SocGen 38.000 €
BNPParibas 30.000 €
CréditAgricole 48.000 €
AXA 27.000 €
Bouygues 23.000 €
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