Wednesday, April 18, 2007

Tribune Employees Talk: Sun employees bring in ESOP experts

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.
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1 comment:

  1. Anonymous8:59 PM

    It's too bad we're in a union, we won't receive any of those nice checks.

    ReplyDelete

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