•  
  •  
 

Document Type

Article

Abstract

Hostile takeover. Leveraged buyout. Almost every company chief executive hates to hear those two terms and tries to guard against his or her company becoming the object of an unwanted suitor. Lately, some major companies have been taking steps to protect themselves against possible buyout offers, and one of the most popular defense maneuvers has been to institute employee stock ownership plans (ESOPs). Why did companies originally begin using ESOPs? Will employee stock ownership plans actually protect companies from hostile takeovers? Will ESOPs be used in friendly leveraged buyouts, or will ESOPS be used in hostile takeovers to gain control over the very companies they were originally designed to protect?

Publication Date

1990

Journal Title

Draftings In

Volume

5

Issue

2

First Page

1

Last Page

9

Comments

This issue is also considered v.6 of the initial publication series of Major Themes in Economics.

Copyright

© 1990 by the Board of Student Publications, University of Northern Iowa

Language

en

File Format

application/pdf

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.