/news/tags/esop ESOP en-US Copyright Fri, 04 Aug 2023 10:05:00 GMT /economy/2023-08-04/northeast-ohio-employee-owners-take-stock-of-potentially-lucrative-business-model Employee Stock Ownership Plans can keep participants focused on corporate performance while nurturing a culture of openness and transparency across the organization. Fri, 04 Aug 2023 10:05:00 GMT /economy/2023-08-04/northeast-ohio-employee-owners-take-stock-of-potentially-lucrative-business-model Douglas J. Guth /news/economy/2018-12-06/employee-stock-plan-could-brew-up-productivity-for-great-lakes There’s a tradition at Cleveland’s Great Lakes Brewing Company. Each day around 4 o’clock, employees gather in the brewpub for a complimentary “shift beer.” It’s a chance to celebrate the fruits of their labor. Soon though, the employees at the 30-year-old company will be getting a new perk, probably worth a lot more than a free drink. By the end of this year, it’ll be one of the latest companies to form an Employee Stock Ownership Plan, or ESOP. Basically, it goes like this: work at a company for a while and eventually own it. Or at least a nice chunk of it. Thu, 06 Dec 2018 19:47:34 GMT /news/economy/2018-12-06/employee-stock-plan-could-brew-up-productivity-for-great-lakes /news/community/2017-11-06/what-changes-when-employees-take-over-a-company After nearly 90 years in the grocery business in Northeast Ohio, the Buehler family announced last month that it is selling its stores. But the 13… Mon, 06 Nov 2017 20:29:02 GMT /news/community/2017-11-06/what-changes-when-employees-take-over-a-company