Ready to Move On? — Sell to Employees

Sekera, June
November 2011
Wire & Cable Technology International;Nov/Dec2011, Vol. 39 Issue 6, p76
Trade Publication
The article offers information on the Employee Stock Ownership Plan (ESOP) that was applied by Bill Carris to his company Carris Reels Inc. located in Rutland, Vermont after it became apparent in 1990s. Karen McGrath, human resource manager of the company mentions that customer relation is one of the advantages of ESOP. It states that ESOP which gives benefits to company owners is considered as the most tax-favored method of ownership transition.


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