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Top Story Friday, October 10, 2008

Store experiments with ESOP model

When asked to explain the advantages of a store being owned by its employees, Doug Smith, CEO of Port Angeles, Wash.-based Lumber Traders, put it this way: “Where else would you find entry-level employees working in the lumberyard who actually care about profits and losses?”

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Lumber Traders decided on an ESOP when the owners decided to sell. Pictured is Angeles Millwork and Lumber.

 
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Editorial

Ken_Clark2
by Ken  Clark
$700 billion question: Why rush?
 
“Secretary Paulson’s proposal for a $700 billion grant of power with no legislative oversight and no judicial review … is an invitation to corruption and tyranny.”

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