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ESOPs: neither panacea nor poison To any shipper that deals with for-hire carriers, the financial stability of those carriers is crucial. No one wants product marooned in the pipeline if [...]

The employee buyout of United Airlines will not necessarily make the company more successful, contrary to its ideal. Ultimately, it is good management that matters. Although employee ownership is supposed to make all employees united in their support for the company, differing orientations remain. The pilots wanted to own the airline, but the machinists' union felt obliged to support the buyout only to save jobs. The flight-attendants union did not reach an agreement with the new management. Reconciling differing employee objectives will be CEO Gerald Greenwald's greatest challenge., The strength and overriding ideal of the United Airlines employee buyout--and the essential element in any employee-stock-ownership program--is that by making everybody an owner, everyone, from the highest executive to [...]

Business enterprises interested in providing stock ownership to international employees are implementing a global employee stock ownership plan (GESOP) that is designed to operate as a matched savings plan. The GESOP design is able to provide two general benefits to international employees. First, the GESOP design promotes long-term employee stock ownership. Lastly, the GESOP design link together employees into one stock plan, thus ensuring economies of scale., United States companies have long favored broad-based employee stock ownership plans for their United States employees. Making employees owners gives them a direct financial stake in company performance. In fact, [...]

The details of the employee stock ownership plan (ESOP) involving National Steel Corporation in Pittsburgh are examined. The benefits of this buyout to the employees at National's Weirton Steel Division are presented. The buyout is waiting for approval but National has no other alternative plan for this steel division.

Cost pressures and nonunion competitors are driving unionized trucking companies to embrace the once-dreaded Employee Stock Ownership Plan (ESOP) to improve cash flow, labor-management relations, and productivity. Until recently ESOPs [...]

Can you win with ESOPs? If you listen to best-selling business authors Robert Reich and Tom Peters, they are not talking fables. ESOPs--employee stock ownership plans--are viewed an essential part [...]