The coffee plant my brother works at went through an ESOP, so far it's allowed them to grow and take advantage of somethings that the family owners wouldn't go for. And as an added bonus my brother is thrilled to have all of his loading docks through the winter, when the family owned it there was always A Mercedes 300 D blocking one of the docks whenever the owners were in Florida.
We have Woodman's here in Wisconsin is also an employee owned store, they seem to be doing alright and holding their own against the folks from Arkansas. Woodman's is so darn big they have a map of the store and their selection is overwhelming- you want mustard? at least 75 varieties, they have a juice Isle that's larger then the whole beverage department at out local Walmart. So they can do okay if their leadership is active and works at maintaining what they have and growing when possible. But if the new leadership doesn't want to keep pace they will be swallowed up just like any other business.
UPS was also ESOP for years but the only shareholders were management, their Christmas bonus was paid in stock.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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