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Benefits August 16, 2006
Employers Say ESOPs are Good for Business
August 16, 2006 (PLANSPONSOR.com) - Ninety-one
percent of respondents to the Employee Ownership Foundation's
ESOP Economic Performance Survey said creating employee
ownership through an employee stock ownership plan (ESOP) was
"a good business decision that has helped the
company."
Reported by Rebecca Moore
According to the Foundation’s announcement of survey results, 72% of responding companies also indicated they outperformed three major stock indices – the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500.
J. Michael Keeling, president of the Employee Ownership Foundation, said in the announcement, “These numbers prove what we in the ESOP community have been saying for more than 15 years – employee ownership creates better companies.”
Additionally, 68% of survey respondents indicated the ESOP improved the overall productivity of the company’s employees
Additional information can be found at www.employeeownershipfoundation.org or www.esopassociation.org .