Rutgers University’s School of Management and Labor Relations (SMLR), has appointed 24 fellows to study the future of broad-based employee stock ownership and profit sharing in corporations, the U.S. economy, and society. This is the fellowship program’s third year. Read the full news release. The new fellows are:

  • Stephen Adams, the Robert W. Smiley Jr. Economic History Fellow, who is conducting a  historical case study of a major corporation with a significant employee stock ownership plan (ESOP). He is an associate professor of management at the University of Maryland System’s Salisbury University Franklin P. Perdue School of Business with a doctorate in history from The Johns Hopkins University.
  • Dustin Avent-Holt, a Louis O. Kelso Fellow, who is studying wage and stock-based income in the deregulated U.S. airline industry. He is a PhD. candidate in sociology at the University of Massachusetts at Amherst.
  • Ilona Babenko, a J. Robert Beyster Fellow and  Beyster Visiting Assistant Professor, who is researching if there are corporate benefits associated with broad-based employee stock option programs and employee stock purchase plans (ESPPs).  She is an assistant professor of finance at the Arizona State University Carey School of Business with a doctorate in economics from the University of California at Berkeley.
  • Daphne Berry, a J. Robert Beyster Fellow, who is looking at quality of care, participatory decision-making, and worker ownership in the home health-aide industry. She is a PhD. candidate in management and organization studies at the University of Massachusetts at Amherst.
  • Francesco Bova, a Louis O. Kelso Fellow, who is examining the effect of employee ownership such as ESOPs on improving a firm's transparency with its employees and the market in general. He is an assistant professor of accounting at the University of Toronto Rotman School of Management with a doctorate in accounting from Yale University.
  • Adam Cobb, a Louis O. Kelso Fellow, who is analyzing the role played by power differences between owners, managers and employees in determining how the corporate-based retirement system emerged and has evolved. He will be an assistant professor at the University of Pennsylvania Wharton School of Finance in the fall and has a doctorate in management and organizations from the University of Michigan.
  • Jed DeVaro, a J. Robert Beyster Fellow, who is exploring incentive compensation, worker participation, and the delegation of worker authority. He is the Wang Family Professor in management and economics at the California State University at East Bay College of Business and Economics. He has a doctorate in economics from Stanford University. 
  • Kyongji Han, a Q.A. Shaw McKean Jr. Fellow, who is studying differences in the operational mechanisms and outcomes of stock options that are given to high level executives and broader groups of employees. She is a PhD. candidate in industrial relations and human resources at Rutgers University.
  • Yael  Hochberg, a J. Robert  Beyster Fellow, who is researching whether stock options granted to the rank and file have an incentive effect for those workers.  She is an assistant professor of finance at the Northwestern University Kellog School of Management with a doctorate in finance from Stanford University. 
  • Jody Hoffer Gittell,  the Bill Nobles Fellow, who is conducting case studies on corporations using freedom-based management that relies on coordination and commitment rather than command and control.  She is an associate professor at the Brandeis University Heller School for Social Policy and Management and Acting Director of the Massachusetts Institute of Technology’s Leadership Center at the Sloan School of Management. She has a doctorate from MIT’s Sloan School.
  • Derek Jones, a Faculty Fellow, who is doing econometric analyses of worker cooperatives and worker ownership. He is the Irma M. and Robert D.  Morris Professor in economics at Hamilton College and serves as the Research Director in Economics for the Mondragon Cooperative Academic Community, Mondragon University. Jones also will serve as a mentor for the other fellows.
  • Mark Kaswan, a Michael W. Huber Fellow, who is looking at the interrelationship between the dynamics of democracy and the implementation of democratic practices within employee-owned firms. He has a doctorate in political science from the University of California at Los Angeles.
  • Fidan Ana Kurtulus, a Michael W. Huber Fellow, who  is studying ESOPs  and employment stability and survival using the U.S. Department of Labor  and Standard & Poor’s  data. She is an assistant professor of economics at the University of Massachusetts at Amherst with a doctorate in economics from Cornell University. 
  • Andrea Kim, a Corey Rosen Research Fellow, who is examining the effectiveness of broad-based profit sharing and ESOPs on employees’ work-related outcomes as well as their relations with other human resource management practices. He is a PhD. candidate in industrial relations and human resources at Rutgers University.
  • Laura Lindsey, a J. Robert Beyster Fellow, who is researching how firms that grant options broadly to non-executive employees might contribute to firm value. She is an assistant professor of finance at the Arizona State University Carey School of Business with a doctorate in economics from Stanford University.
  • Christopher Mackin, the Ray Carey Fellow, who is studying the implications of employee ownership for a more democratic capitalism. He is a Core Faculty member of the Harvard University Trade Union Program at the Harvard Law School with a doctorate in human development from Harvard. 
  • David Madland, a J. Robert Beyster Fellow, who is conducting a review of state and federal policies on broad-based employee ownership and profit sharing. He is Director of the American Worker Project at the Center for American Progress with a doctorate in government from Georgetown University.
  • Phillip Melizzo, a Louis O. Kelso Fellow, who is using experimental laboratory methods to help isolate and explore any independent and complementary motivational effects of employee ownership and participation in decision-making. He is an assistant professor of economics at the College of Wooster and has a doctorate in economics from the University of Massachusetts at Amherst.
  • Andrew Pendleton, a Faculty Fellow, who explores governance and employee participation in corporations with employee ownership and the characteristics, determinants, and effects of broad-based stock plans. He is a professor of human resource management at the University of York Management School. Pendeleton also will serve as a faculty mentor for the other fellows.
  • Corey Rosen, a Rutgers Fellow, who is working on research on closely-held firms with employee ownership. He is the former Executive Director of the National Center for Employee Ownership, a former Senate staff member and former professor of political science. He also will serve as a mentor for other fellows.
  • Lily Song, a J. Robert  Beyster Fellow, who is examining democratic wealth generation in emerging green sectors such as worker cooperatives and other formats that may provide access to tangible gains for working-poor families and other marginalized populations.  She is a doctoral candidate in urban studies and planning at MIT. 
  • Ozge Tekin, a Q.A. Shaw McKean Jr. Fellow, who is studying whether ESOPs might be helpful to companies in boosting their productivity and promoting a new framework for competitiveness in domestic and global markets. She is a doctoral candidate in political science at the University of Hawaii at Manoa.
  • Matthew Thomas, a Corey Rosen Research  Fellow, who is addressing the geography of retirement income data sets on ESOPs and related statistical studies. He is a doctoral candidate in economics at the New School University.
  • Trevor Young-Hyman, a Louis O. Kelso Fellow, who is researching worker ownership, ESOPs, and innovation in automated manufacturing in the Midwestern United States.   He is a PhD. candidate in sociology at the University of Wisconsin at Madison.  

There are fifty fellows in total in the Rutgers fellowship program which includes two national workshops to bring the scholars together.  For a list of all previous fellows, see: http://smlr.rutgers.edu/research-and-centers/fellowship-programs