ESOP Article Overdue

BY NORM KOCOL, CPA

I am a CFO associated with a 100% employee-owned company. I found Scott Miller’s article (“The ESOP Exit Strategy,” March 10, page 32) very timely and long overdue.

 

It is my opinion that the ESOP tool is one of the best—if not the best—available tools for owners of companies to transfer ownership to people who helped enhance the owners’ wealth.

 

It is unfortunate that many who work closely with owners in the financial services area do not know about the ESOP tool or do not understand ESOPs.

 

Norm Kocol, CPA

Johnsburg, Ill.

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.