Conversation

Employee Stock Ownership Plan companies are a great scam. As a company owner you can sell a minority interest in the company (or the whole kit n kaboodle if you want to cut and run) to the employees and they have zero say in how the company actually operates and they don’t get the money until they leave the company. It’s a giant IOU. I work at one of these places and I never expect to see a dime from the company before it goes under.