Employee stock ownership plans cannot be legally used to acquire companies.

Name: Employee stock ownership plans cannot be legally used to acquire companies.
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Question

Quizplus · Accepted Answer

Employee stock ownership plans (ESOPs) can be legally used to acquire companies, typically through a leveraged buyout where the ESOP borrows money to purchase company shares. This allows employees to become part owners of the company they work for, promoting a sense of ownership and potentially increasing motivation and productivity.

Employee Stock Ownership Plans Cannot Be Legally Used to Acquire