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John S. Hoffmire

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John S. Hoffmire
Born
🏫 EducationUniversity of California, Davis (BA) Stanford University (PhD)
💼 Occupation

John Hoffmire holds the Carmen Porco Chair in Sustainable Business at the Center on Business and Poverty[1]. Hoffmire is an advocate for greater economic equality and poverty reduction through business. He is particularly interested in wealth redistribution by means of Employee stock ownership plan.s (ESOPs), Sustainable Business and Impact Investing. John has worked, researched and taught in more than 100 countries; he has more than 20 years' experience in equity investment, venture capital, consulting and investment banking mostly focused on Social Enterprise.


Career[edit]

Dr. Hoffmire received his BA from the University of California at Davis, and his Master’s and PhD at Stanford University, where he focused on Employee stock ownership plans (ESOPs). Dr. Hoffmire was then the employee stock ownership plan specialist at Bain & Company. Subsequently, Hoffmire started an investment bank, Hoffmire & Associates, which he then sold seven years later. During the four years Dr. Hoffmire worked with American Capital, the buyer of his firm, the company increased in value from $155 million to $1 billion. Hoffmire was Senior Investment Officer. Hoffmire moved to Ampersand Ventures where he was Vice President. Dr. Hoffmire then became Founding Director of the Center on Business and Poverty at the University of Wisconsin–Madison [2]. Throughout his career, he has advised hundreds of entrepreneurs who opened their own businesses and scores of small and large companies that sought to improve the lives of their low-income employees [3].

During Hoffmire’s time at the University of Wisconsin, he was also, for eight years, at the University of Oxford - much of that time as the Director of the Saïd Business School Impact Bond Fund [4]. He also taught in their MBA and Executive Programs. Moreover, Dr. Hoffmire has led many free financial education initiatives. As an example, Hoffmire promoted the Earned income tax credit (EITC) and offered free tax form preparation through the Center on Business and Poverty. The program, which started in 2004 and grew to help low-income employees in nine states, by 2021 had assisted more than 8000 families [5].

Currently, Dr. Hoffmire is also Chairman at Cadence Innova, a London-based IT consulting firm with 135 employees which he helped to create [6] [7]. In addition, Dr. Hoffmire is Chairman of Oxford Pharmaceuticals, which participates in the generic drugs industry and has 50 employees[8]. Furthermore, he serves on the board of advisors of RLG Capital. John is also a Research Associate with the Centre for Mutual and Co-owned Business, at the University of Oxford’s Kellogg College.


Social work[edit]

John is Chairman of Center on Business and Poverty, an NGO which builds sustainable business and has an extensive library of articles on participatory capitalism. He is also on the board of the Personal Finance Employee Education Fund (PFEEF).

Selected published works[edit]

Chapter in The Oxford Handbook of Mutual, Co-operative and Employee-Owned Businesses. Joseph Blasi, Jonathan Michie and Carlo Borzaga. Oxford: Oxford University Press, 2017

Hoffmire, John & Harms, Thomas. 2009. The Economics of Serving Low-income Employees at Tax Time: Implications for Credit Unions. Filene Research Institute.

Hoffmire, John. 1998. ESOPs and Mezzanine Financing. ESOP Association.

Hoffmire, John. 1996. Competitive Strategy Through ESOPs. ESOP Association.

Hoffmire, John. 1993. How to Market Your ESOP Company. ESOP Association.

ESOP Implementation in the USSR and Yugoslavia, with David Ellerman, in Employee Stock Ownership Plans, R. Smiley and R. Gilbert, Prentice Hall, 1990


Opinions[edit]

Hoffmire has published over 200 opinion editorials in various periodicals (See some below).

Hoffmire, John, and Draughon, Sidney. “Empowering women to overcome the continued existence of the glass ceiling.”, Deseret News, 17 Jan. 2017.

Hoffmire, John, and Gilman Rachel. “Climate Change and Sustainable Farming: One Way to Address World Hunger.”, Deseret News, 24 Jan. 2017.


Honors, decorations, awards, and distinctions[edit]

John earned the 2012 Darwin Nelson Community Impact Award for his efforts to expand financial literacy. [9].

See also[edit]

Center on Business and Poverty

External link[edit]

Personal Finance Employee Education Fund., Official PFEEF site.

References[edit]

  1. Hoffmire, John. "Press Release: Carmen Porco Chair in Sustainable Business at Center on Business and Poverty". Progress Daily. Retrieved 21 September 2018.
  2. "Impact Investment Conference: University of Oxford – Biographies" (PDF). Retrieved December 12, 2017.
  3. "Second Thoughts on IPOs". Retrieved December 12, 2017.
  4. "Saïd Business School students to invest $5m in the bond market to deliver positive social impact". Retrieved December 12, 2017.
  5. "Private Employers help Promote the EITC" (PDF). Retrieved December 12, 2017.
  6. "Oxford Business Poverty Conference". Retrieved December 12, 2017.
  7. "University of Oxford, Kellogg College, Dr. John Hoffmire". Retrieved October 28, 2017.
  8. "Trade and Industry Development". Retrieved December 12, 2017.
  9. "Impact Investment Conference: University of Oxford – Biographies" (PDF). Retrieved December 12, 2017.