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 - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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