The National Center or Employee Ownership (NCEO) published an article on their Web site on the topic of “How An Employee Stock Ownership Plan (ESOP) Works.”
“Employee ownership can be accomplished in a variety of ways. Employees can buy stock directly, be given it as a bonus, can receive stock options, or obtain stock through a profit sharing plan. Some employees become owners through worker cooperatives where everyone has an equal vote. But by far the most common form of employee ownership in the U.S. is the ESOP, or employee stock ownership plan. Almost unknown until 1974, about 11,000 companies now have these plans, covering over 13 million employees.”
This is an excellent introduction to the workings of an ESOP, which was the first tool designed by binary economist Louis O. Kelso and used to broaden ownership of productive capital among the employees of a corporation.
Life is not perpetual. Of course, this is a well known fact, but do we often remember about it? How can we understand the significance of life staying motionless? They say if you don’t like the place where you are – move, you’re not a tree after all. By the same rule, I want to say that traveling – is an important component of interesting life. Let’s not waste life for nothing but explore this wonderful world! It remains to start moving, just click world’s places of interest and you will see all the riches of our world which are near to us. Very often various places for recreation are just close to us, but we can’t find time for the connection with nature. begin reading not fashion journals but brochures with travelling tips. A illustrious poem says “What is this life if, full of care, we have no time to stand and stare…” Let’s change our life!