ESOP Blog

A Senate committee has approved a measure to expand employee access to workplace retirement plans. It seems like a simple enough statement that might not

“Every exit is an entrance somewhere else.” – Tom Stoppard The reality you never could have imagined, all those years ago, is here. Business exit

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