ESOP plans let founders cash out and employees cash in
By on Jun 17, 2010 in Entrepreneur
On his 81st birthday, entrepreneur Bob Moore signed the papers to hand nearly a third of his company by to his 200 employees. But it’s a gift Moore and his three partners hope will pay off for them as well: By launching an employee stock ownership plan, they’re creating an exit strategy for themselves from the business they’ve spent the past three decades building.
Original post by Technology news - Business 2.0 Magazine
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