Imitation is the Sincerest Form of Flattery

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.

HZ1420 ESOP NYT blog ImageMr. 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:

http://www.nytimes.com/2013/07/06/opinion/the-legacy-of-the-boomer-boss.html?hp

In addition to blogging here, I also tweet regularly about topics of interest to ESOPs. Click to follow me on Twitter-  @jlripperger.

Click here to follow my ESOP blog

Affiliation Disclosures

While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that none of the member companies of The Principal are rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.

Insurance products and plan administrative services are provided by Principal Life Insurance Company a member of the Principal Financial Group® (The Principal®), Des Moines, IA 50392.

© 2013 Principal Financial Services, Inc.

t13070903hx
HZ1470