"Taking Ownership: Employee Stock Ownership Plans Rise at the End of the Recession," Atlanta Business Chronicle
The Atlanta Business Chronicle called upon W. Dennis Summers to provide expert insight for its article, “Taking Ownership: Employee Stock Ownership Plans Rise at the End of the Recession.” The article discusses the uptick in business owners converting all or part of their companies to Employee Stock Ownership Plans (ESOPs). Mr. Summers attributes the rise in ESOPs to the economy, suggesting that business owners can get better valuations for their businesses. He also notes that interest rates are low and financing is more easily available for companies that want to do an ESOP. The article continues by covering the growing industries that frequently use ESOPs and the benefits that owners and employees get from using such an exit strategy. Read the full Atlanta Business Chronicle article.