Effects on firm performance depend on how ESOPs are employed
{"Image DocumentName": "Effects on firm performance depend on how ESOPs are employed", "Image ImageDescription": "For example, in industries (steel and airlines) where economic circumstances forced employees to give up portion of wages for partial equity position in firm. Management continued to exercise major control. Employees have not received full shareholder rights. Ownership incentives have been severely diminished. Many ESOPs established as takeover defenses, but proliferation of other defense methods has reduced their role. \u00a92001 Prentice Hall Takeovers, Restructuring, and Corporate Governance, 3/e Weston - 50.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}