In the US, the ESOP becomes the default form of business succession
In the US, the ESOP becomes the default form of business succession
The growing support in Washington and the private sector for Employee Stock Ownership Plans (ESOP) as an alternative for business succession indicates an institutionalization and validation of purchase mechanisms by workers in the US. This news is significant because it shows a paradigm shift where ESOPs, a form of employee ownership, are gaining legislative and corporate traction as a structural solution to the business succession crisis.