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An ESOP can be an effective tax-advantaged means of creating shareholder liquidity. At the same time, the ESOP provides an additional benefit for employees. But the ongoing payoff of the ESOP is based on its ability to align stakeholder interests.
This article analyzes layers of meaning that are embedded in the concept of diversity in a financial institution. It examines the discourses about diversity that emerged over 2½ years, during which a CEO was intentionally trying to change his organization’s cultural norms and to become more sensitive to “valuing people.”
This article describes the initial challenges that all ESOP companies face, and offers suggestions for meeting those challenges.