Is Eldebrock toast? - The 1947 - Present Chevrolet & GMC Truck Message Board Network

LS short box · 02-01-2021, 05:32 PM

Its too bad some of these companies don't go the ESOP route and let the employees buy the company. The company I worked for close to 40 years did an ESOP in 2000. As employees we bought in at $2.20 per share. Only employees could invest and money had to come out of your 401K. No outside cash. When I retired three years ago and the stock price was a bit over $50 per share. Prior to the ESOP we were partially owned by an investment company. I wasn't in management at that time but office rumor was they were a real pain to deal with.

02-01-2021, 05:32 PM	#11
LS short box Registered User Join Date: Jun 2015 Location: Carlos MN Posts: 2,140	Re: Is Eldebrock toast? Its too bad some of these companies don't go the ESOP route and let the employees buy the company. The company I worked for close to 40 years did an ESOP in 2000. As employees we bought in at $2.20 per share. Only employees could invest and money had to come out of your 401K. No outside cash. When I retired three years ago and the stock price was a bit over $50 per share. Prior to the ESOP we were partially owned by an investment company. I wasn't in management at that time but office rumor was they were a real pain to deal with.



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