I've recently taken over my 3rd failed ESOP company and am less than enamored with the concept. Companies, like ships, need one competent and strong person in charge. No other system has ever come close in creating societal wealth (though sometimes it is abused).
The OP is a solid question and it happens more often than you think, profit sharing is pretty common and cash dividends beats minority stock ownership every day.
The OP is a solid question and it happens more often than you think, profit sharing is pretty common and cash dividends beats minority stock ownership every day.