by: Binns, David
Source: The Beyster Institute
Like many ESOPs, the Macfadden Employee Stock Ownership Plan was established as a means of transitioning ownership from the company's founder to its employees. Just over 12 years later, the Macfadden ESOP now owns 100 percent of the company with all of the shares fully allocated to the accounts of the plan participants. Along the way, the company has been able to take advantage of a number of ESOP benefits which have greatly facilitated our transition to an employee-owned company.
Link: The Benefits of an ESOP for Corporate Transition Strategies
Publication Date: 2015-09-02