Imitation is the sincerest form of flattery.
-Charles Caleb Colton
The New York Times recently ran an op-ed about Employee Stock Ownership Plans (ESOPs). Authored by Gar Alperovitz, a professor of policy economy at the University of Maryland, it explores the legacy of the boomer boss; specifically, what happens when the business owner decides to sell and why ESOPs are often one of the best routes to take.
Mr. Alperovitz writes about the decision to sell 100 percent of New Belgium Brewing to an ESOP. Kim Jordan, the chief executive and co-founder of New Belgium, is a big proponent of ESOPs and offers her perspective on the decision to sell to employees.
Rather than trying to imitate Mr. Alperovitz, I would rather share. Please take a few minutes to review his op-ed at:
In addition to blogging here, I also tweet regularly about topics of interest to ESOPs. Click to follow me on Twitter- @jlripperger.
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