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UC-San Diego Offers First MBA Course on ESOPs

The following story appeared in the Winter 2007/2008 issue of Owners At Work, the Ohio Employee Ownership Center’s magazine of employee ownership.

About a dozen MBA candidates at the Rady School of Management, University of California, San Diego completed the country’s first MBA course on employee ownership during the Fall 2007 semester. The skills-based, 2-unit elective course (MGT 219 Topics in Corporate Governance: Techniques in Equity Compensation) was taught by Anthony Mathews of the Beyster Institute, which is affiliated with Rady.

The course teaches the tools and techniques available under current law and practice for implementing employee ownership and corporate equity incentive plans as a compensation and motivation vehicle for employees as well as a tax and cost effective vehicle for assisting in business succession and capital expansion, creating equity participation plans, equity sharing techniques, best practices to maximize results and future trends.

Class topics include ESOPs, qualified and non-qualified plans, performance-based equity, synthetic equity, securities and accounting concerns of equity sharing, legal implications, business succession, corporate finance, ESOP financing, benefits and risks of equity as a compensation vehicle and shareholder concerns. Mathews has many years of experience with ESOPs and building an ownership culture and recently retired as a VP and Senior Consultant with Principal Financial Group, served as a consultant to hundreds of ESOP companies, and is a frequent speaker and author on employee ownership.

©2008 The Beyster Institute and its authors and their entities. All rights reserved.

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