ESOP Blog

ESOPs (employee stock ownership plans) have historically been misunderstood. As a result, they haven’t always been as popular as, say, opting to sell outright to a private equity group.

An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that gives employees stock options and allowing them to buy shares in the company at a set price. 

Employee stock ownership plans (ESOP) are becoming increasingly popular, not just as a viable succession plan for business owners, but also for the company.

“Train people well enough so they can’t leave, treat them well enough so they don’t want to.” – Richard Branson

“Paying your employees well is not only the right thing to do, but it makes for good business.” – James Sinegal

“The added cost of higher wages is offset by savings from lower labor turnover and higher labor productivity.” – Anonymous

“You don’t build a business – you build people – and then people build the business.” – Zig Ziglar

“When employees are happy, they are your very best ambassadors.” – James Sinegal

About This Episode Patti Plough (last name rhymes with blue) started as a nurse. A doctor told her she was more of an entrepreneur than

“Retirement is not the end of the road. It is the beginning of the open highway.” – Unknown Back in early 2020, after she sold

Joining Jonathan Goldhill in this episode of the Disruptive Successor Podcast is Patti Plough, President, and CEO at Excel Legacy Group, LLC. There are numerous

“The best way to predict the future is to create it.” – Peter Drucker An Employee Stock Ownership Plan (ESOP) creates a path where everyone