Thoughts on Capitalism: Louis Kelso
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Item No.: BMJN4067
The late Louis Kelso, co-author of The Capitalist Manifesto, wanted to make a capitalist out of every American. Early in his career, he developed the Employee Stock Ownership Plan (ESOP), which is based on the idea that every employee-not just corporate officers-should be an owner of stock, paid for out of the company's earnings. Endorsed by Congress in the 1970s, ESOPs have been put into effect by companies across America.More >
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