April 2014 Web Extra: A take on ESOP education
David DuBois, president of Mission Landscape, says the most difficult part of maintaining an employee stock ownership plan (ESOP) is “educating the (employee) ownership.” Which is why the company created an ESOP newsletter to overcome that hurdle.
DuBois, who was featured in this month’s cover story, “Ownership pride,” provided a couple of copies of the newsletters, which include (all PDFs):
- A bare-bones description of what an ESOP is;
- An interview with the company’s first employee-owner retiree;
- A breakdown of how employee-owners benefit from the ESOP;
- A Q&A with employees who received dividends checks; and
- An eight-page update on what the ESOP accomplished in 2013, including details on its “ESOP month” celebration.