I would like to see expansion of the ESOP business model, but a successful ESOP is less vulnerable to Wall Street predation and I expect any legislation that might favor more ESOPs to be vigorously opposed on what ever bogus grounds Wall Street PR flacks can devise. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
In 2009, Graybar ranked No. 1 on the annual FORTUNE "World's Most Admired Companies" list in the Wholesalers: Diversified industry category. This is the eighth consecutive year Graybar has earned a place on the list and the third consecutive year it has been named Industry Leader in its category. Out of the 363 Most Admired Companies, Graybar ranked in the Top Ten in the following lists: No. 1 in Management Quality No. 1 in Long-Term Investment No. 2 in Financial Soundness No. 2 in Quality of Product and Services No. 4 in Use of Assets No. 6 in People Management No. 10 in Innovation
No. 1 in Management Quality No. 1 in Long-Term Investment No. 2 in Financial Soundness No. 2 in Quality of Product and Services No. 4 in Use of Assets No. 6 in People Management No. 10 in Innovation
Although 10th out of 363 is still excellent for innovation, it's interesting that is it relatively lower. The ESOP would appear to be an ideal format for supply chain service companies where personal relationships and reputation are important. And there's lot's of those type of companies.
In Finland there are cooperatives in department stores, banks, farming/food chain and the arts. You can't be me, I'm taken
