ABRC-ESOP
Wednesday, December 06, 2006
ESOP Performance: 2005 vs 2004
As reported by the Employee Ownership Foundation annual survey of ESOP companies:
- 78% a increase in performance compared to the previous year
- 9% indicated a nearly identical performance
- 13% indicated a worse performance
- 85% indicated that revenue increased; 15% reported a decrease
- 77% indicated that profitability increased; 23% indicated that it did not increase
- 68% of respondents indicated that the ESOP improved the overall productivity of the company's employees
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