The first
picture shows Louis and Patricia Kelso in Australia standing
under the banner of The Company Directors Association of
Australia
who I had
organised to host their visit.
The picture
was taken in the evening of September 30th, 1975,
the day that my book, Democratising the Wealth of Nations,
published by the CDA,
was
launched by the Deputy Prime Minister of Australia and
former Federal Treasurer (Finance Minister), The Hon. Dr.
Jim Cairns. The full
text of my
book, which is dedicated to Louis, and the speech of Dr
Cairns, who reviewed the book, are posted together at
http://ssrn.com/abstract=1146062
Those
pictured from left to right are:
Athol
Yeomans – Director of the Company Directors Association of
Australia and editor of its journals
Shann
Turnbull – Author of Democratising the Wealth of Nations
The Hon
Philip Lynch MP – Shadow Treasurer and former Federal
Treasurer
Patricia
Kelso – Co-author of Louis Kelso
Louis Kelso
– Inventor of leverage Employee Share Ownership Plans
Bob
Thompson - Director of the Company Directors Association of
Australia and legal advisor
Bruce
Champion – Chairman/founder of the Company Directors
Association of Australia
&
Picture
above & caption below from & by SHANN TURNBULL Ph.D
The second picture
includes Jeff Gates who wrote the tax legislation for
Senator Russell Long that introduced tax incentives to
promote ESOPs.
The picture was
taken in Beijing on April 23rd, 1991 when
Jeff led a three man delegation to the PRC as shown in
the picture to introduce
employee ownership
as a means for privatisation. In the previous year Jeff
had visited Eastern Europe to introduce leverage share
ownership
plans as a
privatisation technique. However, Jeff discovered that
leveraged ESOPs had little relevance in countries that
lacked either taxes
or sources of
funding. For this reason he invited me to the PRC to
introduce my approach that did not require tax
incentives or funding as
described in my book
as it depended upon introducing what I now describe as
“ecological” ownership.
The ten day series
of lectures for around 50 “Cadres” from throughout the
PRC was hosted by the State Commission for Reform of the
Economic System.
Those pictured from left to right are:
Paul Kouris, General
Counsel to Californian based employee owned Science
Applications International Corporation (SAIC);
Shann Turnbull,
author of Democratising the Wealth of Nations whose
alternative title was New Money Sources and Profit
Motives as featured
on its cover partly
covered by the hand of:
Professor Jiang
Yiwei, author of "From Enterprise-Based Economy To
Economic Democracy"
Jeff Gates,
delegation leader and counsel to Senator Russell Long.
I was introduced
to Jeff Gates, Norman Kurland and other leading
promoters of Employee Share Ownership Plans in
Washington D.C. by
John McClaughry
when he was in the White House as President Regan’s
Domestic Policy advisor and also Chairman of the
E.F. Schumacher
Society! In the
picture I am wearing a “Jefferson” tie presented to
me by John who like Jefferson lives in a log cabin.
&
Picture above & caption below from and by SHANN
TURNBULL Ph.D
The third picture is of myself
circa 1983, with Senator Russell Long,* who championed
Kelso and ESOPs as Chairman of the US Senate
Finance Committee.
---------------------------------------------------------------------------------------------------------------------------
*Russell Long had been
widely recognized as the second (to The President) most
powerful leader of the United States when he became
first
acquainted with, and
finally an avid supporter of Louis Kelso and his
economic theory and philosophy. Norman Kurland, a long
time stalwart
ally of Louis Kelso,
vividly recounts a crucial meeting between Mr. Kelso and
Senator Long on November 27, 1973 in the link below.
Note by Harold Channer.
http://cesj.org/thirdway/history3rd/kelsomeetslong.htm
----------------------------------------------------------------------------------------------------------------------------
