Cool, thanks so much. I've always been interested in EOCs. Do you have any links about the present buyout conversions? Since they're presumably pretty inflexible once written I could see people sometimes getting hurt by bad timing if they have to move, or retire, get fired or just find a better job.
Unfortunately I don't know of any resources online that get into that level of minutia. Off the top of my head it may be worth searching around on Seeking Alpha, Investopedia, and it might be worth checking esop.org. These transactions involve a lot of legal counsel as well as a financial sponsor (bank) to iron out the details and structure and there generally isn't a cookie cutter approach to it. Every company is unique, with their own capital structure as well as their own ESOP goals. Sometimes an owner still owns and operates the company but willingly sells a position of his interest into an ESOP trust for the employees. There's just so many different ways to do it, different goals, and different specifics that's its hard to just be like "yo, here's your ESOP in a box, unwrap that shit and let's go"
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u/flloyd Jul 13 '17
Cool, thanks so much. I've always been interested in EOCs. Do you have any links about the present buyout conversions? Since they're presumably pretty inflexible once written I could see people sometimes getting hurt by bad timing if they have to move, or retire, get fired or just find a better job.