ESOPs are Great but They are Still Businesses: How to Survive a Downturn
Tuesday, April 30, 2024
10:00 AM – 11:00 AM ET
Location: 122-123
Earn 1 CE Hour
CE Type: CPE, SHRM
Prepare for a comprehensive presentation that confronts the challenging realities of economic downturns, survival strategies, and the path to recovery. We won't shy away from the tough subjects that often go unaddressed, including precipitous declines, breaching bank covenants, workforce reductions, bankruptcy considerations, and the delicate matter of communicating with employees during these trying times. Our goal is to provide you with a roadmap for resilience and resurgence. We'll explore strategies for navigating through the darkest days and rebuilding toward prosperity. Join us for an open and honest discussion about the crucial aspects of business survival and revival that are often left unspoken.
Learning Objectives:
Write and deliver a message to employee-owners to help explain a downturn in share price and indicate a clear path forward.
Better understand that ESOPs are subject to the same cyclicality and volatility of any business and how to navigate ups and downs in business cycles.
Refocus the discussion from a heavy emphasis on share price to the longer-term issue of accumulating ownership.
Daniel Goldstein
Executive Fellow Rutgers Institute for the Study of Employee Ownership and Profit Sharing Norfolk, VA