
Turning Employees Into Business Owners
For four decades, Hal Leader owned and ran Printing Prep, steering it through one industry change after another. When he was preparing to retire, Leader wanted to ensure the Buffalo company would survive without him. The question was, who would buy it? The answer, it turned out, was all around him. He decided to sell Printing Prep to his company’s 30 employees, through an Employee Stock Ownership Plan, or ESOP.
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Turning Employees Into Business Owners