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Thought Leader Forum: Employee Stock Ownership Plans

Regina Carls, managing director of the ESOP Advisory Group for JPMorgan Chase, joins a panel of thought leaders to discuss the pros and cons of an employee stock ownership plan for businesses.


What are the major benefits of an employee stock ownership plan? What are the risks?

 

The Portland Business Journal convened a panel of thought leaders, including Regina Carls, managing director of the ESOP Advisory Group for JPMorgan Chase, to discuss the pros and cons of an ESOP. The group highlighted the importance of having the right team, debunked common misconceptions and discussed how cultures can shift when ownership becomes more tangible.

“Big picture, an ESOP is a qualified retirement plan designed to invest primarily in the stock of the sponsoring corporation,” Carls said. “We often find ESOPs are pursued even when the owner can get a high value from a P/E or strategic buyer. The motivation is rewarding the employee base that has helped grow the business while at the same time getting full fair market value for the company.”


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