Facts about Employee Stock Ownership Plans

Some recent Employee Stock Ownership(ESOP) developments:   According to a survey of the Inc. magazine 500 (the fastest growing privately held companies), twenty-eight percent offer an ESOP. ESOPs work in large as well as smaller privately held companies. In 1992, these same companies had an average of just 17 employees. Today, five years later their average employment has grown to 121.   On the House floor in December, Congressman Floyd Spence, chair of the House National Security committee, expressed strong Congressional support for ESOPs. ESOP sponsors continue to face a very bright horizon.   The cover story in the December 98 issue of FORBES is about an ESOP company, Science Applications International Corporation. The article mentions that four of the top private companies have an ESOP, Cargill, Publix, UPS and, International Data Group.   The research of an eminent group of Business School professors including Dr. Joseph Blasi again finds that ESOP companies are more profitable than other companies. For more information or questions about Employee Stock Ownership Plans, call us at (480)222-0199 or click here for out contact form.