A Link in the Chain

  

A Link in the Chain

Employees of a daily newspaper learn that their rich owner is planning to sell the paper to a national newspaper chain. How can they possibly come up with enough money among the employees to form an Employee Stock Ownership Plan (ESOP), buy the newspaper, and save their jobs?

A few newspaper ESOPs are still being established to prevent takeovers by large national newspaper conglomerates, and ESOPs have become more common in other types of businesses as well.

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