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Reimagining Ownership: The Future of Private Equity and ESOPs
This chapter explores the evolution of ownership in America, contrasting the founding fathers' vision with modern corporate structures influenced by private equity. It highlights the potential of Employee Stock Ownership Plans (ESOPs) to create a more equitable economy through broader employee participation in ownership. The discussion underscores the benefits of ESOPs while acknowledging the challenges that limit their growth, particularly in smaller businesses.