The ESOP Association Looks Forward to Working with the Biden Administration and the 117th Congress
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WASHINGTON, Jan. 20, 2021 /PRNewswire/ The ESOP Association looks forward to working with President Joe Biden and his incoming Administration to make employee ownership available to the vast majority of privately employed Americans. The ESOP Association believes that employee ownership strengthens our free enterprise economy, increases productivity through greater employee participation and satisfaction, and maximizes human potential by enhancing self-worth, dignity, and the well-being of working Americans. I am thrilled to see that many of President Biden s highest-ranking nominees arrive knowing that ESOPs can help close the wealth and income inequality gap, improve business performance, and bolster our nation s economy, said James Bonham, President and CEO of The ESOP Association. With our nation facing significant is
1See Non-GAAP Financial Measures and Reconciliations to GAAP. We are pleased with our performance in 2020, especially in light of the uncertain economic environment caused by the pandemic, said Jack Barnes, Chairman and Chief Executive Officer. Full year financial and operating results were strong and reflect the resilience of People s United, its employees and customers. Pre-provision net revenue of $827 million, on an operating basis, increased 12 percent from the prior year, reflecting the success of recent acquisitions and solid execution across core operations. Higher revenues and continued emphasis on controlling costs lowered the efficiency ratio 160 basis points to 54.2 percent, marking the seventh consecutive year of improvement. Asset quality remained excellent, indicative of the Company s conservative approach to underwriting, diversified loan portfolio, and deep customer relationships. We are particularly pleased by the continued reduction in loan deferrals, which end
Read more about Religare Enterprises allots 2.26 lakh equity shares under ESOP on Business Standard. Pursuant to the aforesaid allotment, the issued, subscribed and paid up equity capital of the Company stands increased from 2,589,251,520/- divided into 258,925,152 equity shares of Rs. 10/- each to Rs. 2,591,514,020/- divided into 259,151,402
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