The Real World of ESOPs
An employee stock ownership plan is providing a seamless succession strategy for Livingston Machinery.
It’s a tough situation laying in a hospital bed and realizing the business you’ve spent most of your life building might go away if you’re unable to return to work. In 2008, that was the reality for Earl Livingston of Livingston Machinery in Chickasha, Okla., after he suffered a stroke and wasn’t sure he’d make it back.
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