Employee Stock Ownership Plans got a bad rap during the Enron era, when criminal leadership left employees with nothing. But transferring ownership to employees over time with an ESOP can be a healthy option for owners of manufacturing companies who don’t have family members or a natural successor to take over. “I find that when you walk into an employee-owned company, there’s a different vibe,” says Lee Swerdlin, president and chief operating officer of actuary firm ...

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