Usually businesses become an ESOP because the founder sells it to the employees....

ellegriffin on Aug 7, 2024 | parent | context | favorite | on: Every company should be owned by its employees

Usually businesses become an ESOP because the founder sells it to the employees. To even qualify to become an ESOP, the company has to be successful, so by default most ESOPS are. I advocate for incentivizing the model, not requiring it. But I have a follow up piece coming out soon with more detail.