This mini-case study examines employee share ownership at National Van Lines, where an Employee Stock Ownership Plan (ESOP) provided a family-run business a succession plan that ensured the continuation of the company and protected employee jobs. Just one-third of family businesses successfully transition from the first to the second generation of ownership and only 12% survive into the third generation. At National Van Lines, the ESOP has made possible the company’s fourth generation in continuous operation. The mini-case study also examines the wealth benefits of the ESOP for employees and the company’s response to the 2020 pandemic downturn.
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