'Share'd Success: Who Benefits from an ESOP?Posted by Matt Kucharski on October 23, 2012 at October 23, 2012 1:50 PM
As a long-time employee at Padilla Speer Beardsley, I often find myself grateful that management had the foresight to see the value that an ESOP would have in securing the next generation of leadership and creating an employee ownership culture where everybody has a stake in the company's success. This article on MSN does a nice job of summarizing why an ESOP was the right approach for Padilla. What it doesn't address is the value of an ESOP to our clients. While it may seem like an ESOP is a benefit primarily for employees and management, clients actually benefit as well, through a culture where the decisions we make regarding clients we work for and invest in are made by us, and not by a nameless, faceless holding company. When you're talking to a Padilla employee, you're talking to one of the owners.
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