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who will control the process of realizing values inherent in a particular business? If the answer is to be “Management,” then a more assertive financial style and an accelerated financial restructuring timetable may be required to accompany any necessary business restructuring activities. In the...
The ESOP is treated as simply an employee benefit, but it is really a device to save the human race. —Louis T. Kelso, founder of ESOP1 The American public is not too well‐informed….these plans have been heralded as the basic solution for many of our economic ills. Specifically, one of our chief...
Every individual, therefore, endeavors as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value … and he is in this, as in many other cases, led by an invisible hand to promote an end which was...
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