Democracy and economic power: Extending the ESOP revolution - Hardcover

Kelso, Louis O

Hardcover

ISBN 10: 0887301150 ISBN 13: 9780887301155

Publisher: Ballinger Pub. Co, 1986

Synopsis

Kelso, Louis O. and Patricia Hetter Kelso, Democracy and Economic Power: Extending the ESOP Revolution

About this title

About the Author:

Louis O. Kelso is a Partner in Kelso & Company, a San Francisco and New York investment banking firm. Patricia Hetter Kelso is a Vice President at Kelso & Company and also Vice President of the Institute for the Study of Economic Systems.

From Library Journal:

Kelso devised ESOPs (Employee Stock Option Plans) in the 1950s to enable wage earners to become stockholders through leveraged buyouts, and now 10 million are covered. Here Kelso and his wife propose to extend the reach of ESOPs to public employees, professionals, the self-employed, and even home-owners, with seven additional financing techniques, all on the ESOP principle. they believe that broadly-based ESOPs would democratize capitalism, invigorate labor unions, raise productivity, enhance industry's competitiveness, while also alleviating poverty, unemployment, and inflation. These sweeping claims, however, are based more on assertion and faith than on economic analysis. The writing is prolix and turgid. Not recommended. Harry Frumerman, formerly with Economics Dept., Hunter Coll., CUNY
Copyright 1986 Reed Business Information, Inc.

About this edition

• Publisher: Ballinger Pub. Co
• Publication date: 1986
• ISBN 10: 0887301150
• ISBN 13: 9780887301155
• Binding: Hardcover
• Edition number: 1
• Number of pages: 175