After examining the structure and tax consequences of ESOPs, this note will argue that ESOPs should guarantee employees full voting rights over securities transferred to them under such plans. This note will also propose that ESOPs can be used in employee takeovers of corporations as part of a plan to help prevent plant closings.
Jonathan B. Forman,
Employee Stock Ownership Plans, Voting Rights, and Plant Closings,
U. Mich. J. L. Reform
Available at: https://repository.law.umich.edu/mjlr/vol11/iss1/10