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Terrazzo Marble is a wholesale distributor of products for the terrazzo and the stone industry.

Even though our company has grown quite a bit over the last 10, 15 years, we still have a family culture here.

And I think the ESOP helps us do that.

An ESOP is an employee stock ownership plan, which is a qualified plan, similar to 401(k) plans.

However, unlike 401(k) plans, ESOPs are permitted to borrow,

which enable them to be used as an ownership transition vehicle.

I wanted to pursue the job with Terrazzo and Marble Supply Companies because it was an ESOP company.

We definitely have ingrained a culture of ownership.

Initially it was our former owner's desire to have the company, at one point in time, be 100% employee owned.

So we started that process with initial transaction in 1996, when we became 30%.

And then we transitioned into 49%, until ultimately, in 2016, we became 100% employee owned.

The ESOP Advisor Group at J.P. Morgan works with our clients and prospects,

helping them understand what an ESOP is, how leveraged ESOP works,

and quite frankly, running through financing feasibilities to understand how this might work for the company.

Hi Regina, how are you doing?

Good, how are you?

We were brought into Terrazzo Marble through the banker, Laura Burkhead,

to help them evaluate taking their ESOP,

which at that time was 49%, to 100% ESOP ownership.

We first met Terrazzo and Marble Supply when they were looking for a new banking partner to meet their growing needs.

J.P. Morgan is a very big bank, so we were concerned that we were going to be a small fish in a big pond.

But very early on in the process, we felt very comfortable with them.

They were very accommodating, they knew what our needs were,

and they're very well known in the ESOP community,

that you know you're in good hands, and you trust them very well.

It was a very good fit for us.

Our job was to work with them on a feasibility study,

and we looked at the implications of a transaction

on the selling shareholders, on the company, and on the employees.

And we were able to develop a very customized solution, that met their key goals and objectives.

That enabled us to be able to close on this transaction in under four weeks.

They did a tremendous job, and helped us at holding our hand through that process.

I really enjoyed working with Terrazzo Marble.

They truly understood the benefits of this ownership structure to their employees, and to the company.

They have a very talented group of people, um, that are very open and transparent with the bank,

and that makes for a very meaningful relationship.

The feedback on being 100% employee owned has been overwhelmingly positive.

Having the ability to share the success of the company with our employees, both emotionally and financially,

has a monumental impact on how hard our employees work, and how serious that they take their jobs and their roles.

They see themselves investing, not only in the company, but in their own future.

ESOP brings us all together as fellow owners.

Everyone takes that pride, and they know that we're all in this together,

and they wanna make sure they make themselves proud, and the company proud as well.

For more infomation >> Terrazzo & Marble's Move to Complete Employee Ownership | J.P. Morgan - Duration: 3:21.

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Take an alternative look at Ruby Riot, Sarah Logan & Liv Morgan's volatile debut on SmackDown LIVE - Duration: 1:31.

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For more infomation >> Take an alternative look at Ruby Riot, Sarah Logan & Liv Morgan's volatile debut on SmackDown LIVE - Duration: 1:31.

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Corbyn is more DANGEROUS to UK than any Brexit: Morgan Stanley issues warning on leader - Duration: 4:24.

Corbyn is more DANGEROUS to UK than any Brexit: Morgan Stanley issues warning on leader

  Morgan Stanley told investors another election in 2018 was likely because Theresa May's Government will fail to secure the EU exit deal it wants, paving the way for Labour to take power.  Bt the US bank warned Britain under the leadership of the left-winger Jeremy Corbyn could trigger the nationalisation of key industries, higher taxes and a shift in spending priorities towards lower-income households, damaging the valuation of UK companies.  A shock report by Morgan Stanley's European equity team said: "The UK is in the midst of a double whammy of uncertainty in the shape of Brexit and a fragile domestic political situation.  "Taken together, these two factors, which are interrelated to some degree, cast a long shadow over the policy backdrop and economic outlook of the UK.    The UK is in the midst of a double whammy of uncertainty in the shape of Brexit and a fragile domestic political situation Morgan Stanley "For the UK market, domestic politics may be perceived as a bigger risk than Brexit.  "From a UK investor perspective, we believe that the domestic political situation is at least as significant as Brexit, given the fragile state of the current government and the perceived risks of an incoming Labour administration that could potentially embark on a radical change in policy direction.

"Against this backdrop, even if we see good progress in the Brexit negotiations, the scope for UK sensitive assets to rally may be muted, unless we also see an improvement in the Government's position in opinion polls." The bombshell report warned the UK could have a political shift back to the 1970s, as it raised concerns of political fragility.    The bank told its clients: "For much of the past 30 years and more, a change of government ultimately had a relatively limited impact on the UK equity market, as policy settings didn't change too dramatically.  "However, this may not be the case if we see a Labour government take power under its current leadership, given its very different policy approach.

"It is certainly plausible that the Labour party could ultimately moderate some of its more radical policy ideas; the alternative could be the most significant political shift in the UK since the end of the 1970s." Morgan Stanley also warned of higher taxes and an increase in corporation tax to 26 per cent, which could rock British financial services.    They said British utility companies, like water and power, were at great risk under a Labour government.  The report added: "Spending priorities, shift in favour of low-income households and the public sector and away from outsourcers and defence companies.  "Higher low-end wage growth could also impact service-oriented companies with low margins, such as retailers." The Labour Party has vowed it would "put an end to the rigged economy that benefits only the super rich".  A spokesman said: "The next Labour government will provide the major boost to investment that business groups like the CBI and the FSB have been calling for, protect 95 per cent of people from any tax rises and ensure our public services work for people not profiteers.

"The banks and hedge funds will not be allowed to bring our economy to its knees again.

Labour will put an end to the rigged economy that benefits only the super rich, to build a society that works for the many not the few." .

For more infomation >> Corbyn is more DANGEROUS to UK than any Brexit: Morgan Stanley issues warning on leader - Duration: 4:24.

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Sharon Osbourne strangles Piers Morgan 'to death' and flashes bare breast|K CHANNEL - Duration: 2:24.

Sharon Osbourne strangles Piers Morgan 'to death' and flashes bare breast

The X Factor judge was the centre of a shocking double bombshell on todays episode of Loose Women when Good Morning Britain presenter Piers Morgan joined the panel.

The 52-year-old controversial telly host blabbed two jaw-dropping tales of his time spent with Sharon during Americas Got Talent. He started: Sharon had run up behind me… all the top executives were there.

She runs up behind me and begins to strangle me to death. She was literally throttling me.. Piers continued: Ozzy was trying to pull her off. Eventually Jerry Springer had to literally pull her off me.

I go back to my hotel room and take a sleeping pill to try and get over the whole thing. But it seemed that Pierss first story was just the warmup act in preparation for an X-rated event where 65-year-old Sharon flashed her assets.

The GMB presenter added: Perhaps the worst experience…Im still traumatised by this.

"I look up and all I can see is this blur in front of me and I realise it is Sharons naked breast" Piers Morgan I was on a private jet from Chicago to LA with all the stars of the show.

Sharon has hit the red wine, and I go to sleep.

But I was woken up at 2am with a sort of kerfuffle. Then he dropped the dirty bombshell: I look up and all I can see is this blur in front of me and I realise it is Sharons naked breast and Im being filmed.

Ive never felt so traumatised. He then burst into laughter while a red-faced Sharon held her head in her hands and interrupted: …sexually abused [inaudible]. Fans of the chat show were divided over Pierss last tale and raced to Twitter with their opinions. .

One person slammed: Now if that was Piers drunkenly dangling his junk in a sleeping Mrs Os face there would be public outcry.

The Loose Women audience wouldnt be applauding that! Also they all laughed and joked about piers being strangled by Sharon Osborne, if this was the other way round there would be mass outrage, added another.

But a third praised: My two favourite people, Piers Morgan and Sharon Osborne on Loose Women.  .

For more infomation >> Sharon Osbourne strangles Piers Morgan 'to death' and flashes bare breast|K CHANNEL - Duration: 2:24.

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Look away, Prince Harry! Piers Morgan posts private messages from Meghan Markle|K CHANNEL - Duration: 2:09.

Look away, Prince Harry! Piers Morgan posts private messages from Meghan Markle

News channels around the globe have been showing footage of her engagement to Prince Harry on loop. So it was only a matter of time before Piers Morgan decide to give his two pence worth on the announcement.

And as you would expect, the former Britains Got Talent judge made it all about him. Risking the wrath of Kensington Palace, Piers decided to release a string of DMs between himself and the American beauty.

In a Twitter message sent on June 29, 2016 Meghan asked the Good Morning Britain host to meet up.

Im in London for a week of meetings and Wimbledon, she wrote before adding: Would love to say hi! Never one to miss an opportunity, Piers replied: Fancy a drink in my local pub? Taking him up on the offer, she continued: Love to! Keen to make the date, Meghan messaged Piers on the day to make sure he was still free.

See you this evening, the message read.

"I may be there a little early because I have a dinner at 8. Looking forward to our pint" Meghan Markle I may be there a little early because I have a dinner at 8.

Looking forward to our pint! After giving him two mobile numbers, she continued: They're both acting up – champagne problems!" However, it seems their friendship is over as Piers jokingly claims that thanks to Harry, Meghan has frozen him out.

He wrote in his Mail Online column: I didn't hear from Meghan again after her royal romance erupted into the public gaze, which is perfectly understandable under the circumstances All will be forgiven though if I get an invite to the wedding of the year.

Harry and Meghan first met in the summer of 2016 in Soho house.   They began chatting thanks to mutual friends and quickly began dating.

  Though aware of the media storm that would follow, the duo kept their romance a secret for six months.

For more infomation >> Look away, Prince Harry! Piers Morgan posts private messages from Meghan Markle|K CHANNEL - Duration: 2:09.

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WWE News - Liv Morgan Paraphrases Conor McGregor In Twitter Tirade - Duration: 3:09.

WWE News - Liv Morgan Paraphrases Conor McGregor In Twitter Tirade

A number of now former NXT Superstars certainly made a statement on both Raw and SmackDown Live last week.

Sarah Logan, Liv Morgan, Ruby Riot, Sonya Deville, and Mandy Rose all joined the main roster and attacked many of the women already on the roster.

It came as a big shock and has been the talking point of WWE for the past week. There have been two topics of discussion since the attacks happened.

Why WWE selected the five women that they went with, and what's next for the quintet on their respective shows? That will obviously become a lot clearer this week and one woman with big plans on her mind is SmackDown Live's Liv Morgan.

On Monday morning Morgan tweeted words akin to those once uttered by one Conor McGregor, certainly a good idol to follow in the footsteps of when it comes to fighting your way to the top.

Liv tweeted that she loves her team of Ruby Riot and Sarah Logan before adding 'we're not here to take part… we're here to .

well, you know the rest' as well as tweeting 'I came to knock people out . of my way to the top'.

The reason that some have been questioning WWE's choice to call up Liv Morgan and the rest of the women who invaded the main roster is because most of them haven't exactly been featured prominently in NXT.

Morgan herself has only really played a bit part role at Full Sail yet now finds herself front and center on SmackDown Live.

Meanwhile the likes of Peyton Royce and Nikki Cross who have been major players in NXT remain there still awaiting their main roster call ups.

Whether Liv and the other NXT women were the right Superstars to call up or not is neither here nor there as irregardless as the angle has caused quite a stir.

What's more is that on SmackDown Live the focus is purely on Liv, Ruby and Sarah as they don't have an established returning star like Paige stealing a lot of the limelight.

Here's hoping that Morgan can ascend to the top of WWE as quickly and successfully as Conor McGregor did in UFC.