A great article from the Washington Post on ESOPs and wealth Generation. While an ESOP is a retirement plan, unlike a 401K where most of the money in the account is contributed by the wage earner, all the funds contributed to the ESOP are done so by the company. Some call this free money – but…
The British are Coming — ESOPs and Perpetual Trusts By Christopher Michael NOTE: Orginally posted in Employee-Owned America. In the United States, the employee ownership community has its favorite example: Publix Supermarkets. Founded in 1930, Publix started an employee ownership program in 1959. With more than $34 billion in revenue, Publix now manages 193,000 employees at…
Do (Can) ESOPs make a difference in ecomomically distressed communities? The National Center for Employee Ownership recently posted the following: In its January-February 2019 newsletter, the NCEO will unveil research that examines the impact of ESOPs on distressed communities as defined by the Distressed Communities Index created by the Economic Innovation Group. Fifty million people…
Did you know that Capital Trustees is the owner/ author of The ESOP Podcast and is available free via Itunes? As described – on the Itunes Page: Capital Trustees is thrilled with the continued success of The ESOP Podcast, our new project that invites listeners to hear insights from the best in the ESOP business.…