Originally Posted by
holeybuckets
ESOP stock was a necessary deal (subject to opinion) with poorly negotiated restrictions. The shares were non voting and you couldn't sell them until you retired. What union leadership would sell that to it's members? The same leadership that gave us a bad bankruptcy contract. Why not give me the same stock management gets, discounted, voting, and I can sell almost immediately. Sorry in advance for the rant.
Dubo was the driving force behind ESOP. One of his many flaws.