PT  - JOURNAL ARTICLE
AU  - Pete Stavros
TI  - Private Equity and ESOPs
AID  - 10.3905/jpe.2002.320033
DP  - 2002 Nov 30
TA  - The Journal of Private Equity
PG  - 42--58
VI  - 6
IP  - 1
4099  - https://pm-research.com/content/6/1/42.short
4100  - https://pm-research.com/content/6/1/42.full
AB  - Employee stock ownership plans have had a fascinating and somewhat checkered past. This article examines the concept, the benefits, the problems and why this unusual form of ownership may work well for private equity investors. The case of Dan River is noted in detail; Avis Rent-a-Car and Simmons Company are discussed in brief. The future of ESOPs, given recent events such as Enron, is reviewed.