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    Final Thoughts on ESOPs

    The examples above may give you some pause when it comes to considering an ESOP. I do think it’s important to take them to heart and to do your homework before going down the ESOP road. Having said that, it is statistically borne out that ESOPs are generally successful no matter how you measure them, but it should be clear based on the information in this chapter that it is very important to focus on building an ownership culture in addition to the technical aspects of the ESOP.

    KEY CONCEPTS

    ■ A company need not be an ESOP to practice Ownership Thinking, but ESOP companies must create an Ownership Thinking culture if they are to benefit from the plan.

    ■ ESOP companies that do not do the cultural work will generally underperform against their non-ESOP competitors.


      

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