Perpetual Motion Machines: ESOPS Don’t Pay for Themselves

10 Pages Posted: 17 Jul 2018 Last revised: 9 Aug 2018

See all articles by Andrew Stumpff Morrison

Andrew Stumpff Morrison

University of Michigan Law School; University of Alabama Law School; Washington University in St. Louis - School of Law

Date Written: May 28, 2018

Abstract

In this article, Stumpff addresses policy issues regarding employee stock ownership plans and demonstrates how some claims in support of ESOPS aren’t supported by the math.

Keywords: ESOPs, Employee Stock Ownership Plans, Louis Kelso, Binary Economics, Leveraged ESOPs

JEL Classification: G32, G38, M21, M52, K22, K34

Suggested Citation

Morrison, Andrew Stumpff, Perpetual Motion Machines: ESOPS Don’t Pay for Themselves (May 28, 2018). Tax Notes, Vol. May 28, 2018, pp. 1289-1296; U of Michigan Law & Econ Research Paper No. 18-018. Available at SSRN: https://ssrn.com/abstract=3202476

Andrew Stumpff Morrison (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States

University of Alabama Law School

101 Paul W. Bryant Dr.
Box 870382
Tuscaloosa, AL 35487
United States

Washington University in St. Louis - School of Law ( email )

Campus Box 1120
St. Louis, MO 63130
United States

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