取得所有權【外文翻譯】

1、原文：原文：TakingOwnershipEmployeestockownershipplans(ESOPs)havebeenbackinthenewsinrecentmonthsthankstotheTribuneCo.sdecisiontouseanESOPtofinanceabidtobecomeaprivatecompany.“TheTribunetransactionwillbeoneofthelargestdonewitha

2、nESOPbutitisnotyourtypicalESOPtransaction“saysVernSaperapartnerwithlawfirmWarnerNcross&JuddLLPinGrRapidsMich.IfthereisatypicalESOPitwouldbeaplanrunbyacloselyheldsmalltosizecompanywithafewhundredemployeesusuallyasawayfthe

3、ownerstocashoutretirewithouthavingtosellthecompanytooutsiders.AccdingtotheOaklCalif.basedNationalCenterfEmployeeOwnership(NCEO)therewere9225ESOPsin2006with10.1millionparticipantsholdingmethan$600billioninassets.Thenumber

4、ofESOPsamongsmallsizecompaniesislikelytogrowasagingbabyboomerbusinessownerslookfanexitstrategythatwillfundtheirretirement.“Alotofpeoplearereachingthepointwheretheyareinterestedinretiringgettingliquidityoutofthebusiness“s

5、aysCeyRosenNCEOsexecutivedirect.“AnESOP[offers]agoodwaytoprovidethoseindividualswithagradualwithdrawalfromthebusiness.“EvensoESOPscomeinseveralshapessizes.ManyESOPsareestablishedbycompaniesofanysizeasawaytogiveemployeesa

6、stakeinthecompanytocreateasenseofownershipamongthem.ManylargecpationswithtensofthoussofemployeesincludingProcter&GambleSAICInc.PepsiCohaveestablishedESOPstocreateemployeeownershiptosupplementexistingretirementprogramsfac

7、ombinationofreasons.WhatItIsAnESOPisadefinedcontributionretirementplanthatinvestsprimarilyinthestockofthesponsingcompanycontributessharesofcompanystocktoeachparticipantsaccountbasedonapredeterminedfmula.Thesponsingcompan

8、ycanHRexecutivescannotsimplyturnoverESOPadministrationtojustanythirdpartyadministrat(TPA)anexistingvendhlinga401(k)profitsharingplan.“ESOPshavemanyspecialrulesthatnotalldefinedcontributionplanTPAsmayknowaboutespeciallyif

9、thecompanyhasaleveragedESOP“saysBrianSnarrapartnerleaderofthecompensationbenefitsgroupflawfirmMrisonCohenLLPinNewYk.“CompaniesoftenwaittoundertakethetaskoffindingaTPAuntillateintheprocessbutHRexecutivesneedtostartearlyto

10、findvendswithESOPspecificexperienceknowledgebecausetherulesgoverninganESOPtendtobemecomplexthantherulesf401(k)plans.“ThePeopleSideOnceaTPAftheESOPhasbeenchosenHRexecutivestheirstaffscanturntheirattentiontomepeopleientedm

11、atters.“CompaniesusuallychoosetoestablishanESOPfeconomicfinancialreasons“saysJerryVigddirectinPhiladelphiaofCBIZInc.anationwideprovideroffinancialbenefitsmanagementservicesfbusinesses.“Butonceitisclearthattheplanmakeseco

12、nomicsensethecompanyhastomakesuretheplanwillwkwellinitsenvironmentfexampleconductingfinancialfeasibilitystudiesmakingsurethatthecurrentmanagementteamhasthecapabilitiestorunthecompany.“Althoughcompaniescancertainlyrollout

13、anESOPwithouttakinganystepstochangethewaytheymanagecommunicatewiththeiremployeesdoingsomeansmissingatremendousopptunitytousetheESOPtoimproveoverallcompanyperfmanceinstillasenseofownershipwithintheemployeepopulation.Doner

14、ightanESOPcancontributegreatlytoacompanyssuccess.Someresearchindicatessuchplansboostindividualproductivity.AccdingtoastudyconductedbyDouglasKruseJosephBlasiofRutgersUniversityin2000companieswithESOPsthatwerestudiedhadsal

15、esemploymentsalesperemployeefiguresthatwere2.3percentto2.4percenthigherperyearthancompanieswithoutESOPs.Buttheseimprovementsdonthappenautomatically.“Theassumptionaboutemployeeownershipisthatanemployeeownedcompanywillauto