By Ronald J. Gilbert & Corey M. Rosen In 1987, WesRay, an investment firm led by former U.S. Treasury Secretary Bill Simon, a man of considerable financial acumen, sold AVIS to the AVIS Employee Stock Ownership Plan (ESOP). In addition to being attracted by a...
ESOPs ended up under ERISA, not by design, but because the legislative father of the ESOP Senator Russell Long was able to seize upon the extraordinary legislative opportunity to add ESOPs to the much larger pension reform bill. One consequence was that the Department...
Butterfield Schechter Receives Ranking in 2017 Edition of "Best Law Firms" by U.S. News ESOPmarketplace.com is pleased to congratulate Butterfield Schechter LLP on receiving a San Diego Tier 1 ranking in the 2017 Edition of U.S. News – Best Lawyers “Best Law Firms” in...
ESOPmarketplace.com is pleased to congratulate Butterfield Schechter LLP partner Marc S. Schechter. He has been featured in the 2017 San Diego Super Lawyers list for a fifth year. This is a significant honor and a recognition of his consistent professionalism. Mr....
The legendary meeting in November 1973 between economist Louis Kelso and Senator Russell Long was the key moment when ESOPs stopped being merely an esoteric financial instrument, and began their path towards the tax code. While Long was initially resistant to the idea...
ESOP Law expert Gregory Brown has graciously agreed to be interviewed for the ESOP Marketplace Advisor Hall of Fame section. The interview touched on ESOP history and Brown's own experiences working in the industry, beginning in the mid-1970s. ...
Wendy Lankes is a principal for the firm of R.K. Schaaf Associates, Inc., and also serves as its Vice President. As a qualified plan consultant, she has been actively involved in the retirement benefits industry since 1985. ...
Nancy Stern counsels ERISA fiduciaries on the exercise of their duties in the context of a corporate transaction and works closely with other members of our ESOP practice. She helps ESOP companies with transactional issues, corporate governance matters, securities...
Mr. Greg Brown has written extensively and given many speeches and presentations on employee benefits law topics across the country. He is a leading authority on ESOPs and other forms of employee ownership for both domestic and international employers. Greg Brown's...
I focus on qualified retirement plans (e.g., 401(k), ESOPs, profit-sharing plans, cash balance plans and defined benefit plans) and executive compensation. A significant portion of Ms. Ann Kim’s practice consists of advising clients on Code Section 409A compliance and...