Big company luncheon and meeting.
Introductions to our trustee and valuation company rep.
40% ESOP. President is keeping 60% for now. He's also agreed to take his payout over time so the ESOP did not have to float any debt to buy it's 40%.
I pretty glad he chose to do this and very optimistic. I worked at a 100% ESOP in the past as definately felt a stronger sense of camaraderie across all levels.
I seem to be the only person with ESOP exerience in the past so a lot of people are coming to me with questions.
Introductions to our trustee and valuation company rep.
40% ESOP. President is keeping 60% for now. He's also agreed to take his payout over time so the ESOP did not have to float any debt to buy it's 40%.
I pretty glad he chose to do this and very optimistic. I worked at a 100% ESOP in the past as definately felt a stronger sense of camaraderie across all levels.
I seem to be the only person with ESOP exerience in the past so a lot of people are coming to me with questions.
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