How are these two stories related? The first concerns a Nobel Prize winning economist’s proposition that the taxation and political structure of the United States plays a central role in the downward mobility of the American middle class, while the second concerns an investment fund that intends to purchase companies from their founders and eventually
I enjoyed this article from Middle Market Growth on the intersection of private equity investing and ESOPs. As the article points out, most people think of ESOPs as fully employee owned enterprises, but in fact there are partially employee owned companies where there is room for private equity investments elsewhere in the ownership structure and
I have an interesting relationship with ESOPs, both as a matter of my personal preference for corporate designs that place at least some of the value of a company in the hands of those who create that value, and from the perspective of a lawyer who has spent many years litigating ESOP disputes. The two