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The foibles of ESOP's.
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- Author(s): Denteer, S.; Friday, C.
- Source:
Newsweek. 10/19/1987, Vol. 110 Issue 16, p58. 2p. 1 Graph.
- Subject Terms:
- Additional Information
- Abstract:
Employee stock-ownership plans (ESOP's) were spurred into creation by Congress in the 1970s on the theory they could give workers a stake in their companies & boost productivity & profits. The number of ESOP's rose to over 8,000 plans covering 7.8 million workers. But ESOP's have become one more wrinkle in the unproductive asset shuffling of America & questions about their viability, & their fate, are at the center of debate.
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