Sun employees bring in ESOP experts
There are good ESOPs and bad ESOPs. We don't yet know enough to place the Tribune one on the good-bad continuum. In general, we prefer those that give employee-owners a real voice in running the company. There are some 10,000 ESOPs currently functioning.
[snip]
Another group of ESOP transactions — including Tribune's — are what might be called "tycoon ESOPs", set up by savvy investors looking for advantage in a competitive bidding situation where ESOP tax benefits can help them succeed. Sometimes these work out well: Avis car rentals, for example, was bought through a "tycoon ESOP" and when it was sold, it's employees received nice checks.
Wednesday, April 18, 2007
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1 comment:
It's too bad we're in a union, we won't receive any of those nice checks.
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