Supermarket employees with an ownership stake in their companies are likely to provide better service and eliminate corporate waste. That's no ESOPs fable for the clutch of privately held regional chains with employee stock ownership plans, or ESOPs. "An ESOP turns associates into shareholders and gives them a little skin in the game," Steve Smith, president and chief executive officer of K-VA-T Food Stores, Abingdon, Va., told SN. John Bole, president and CEO of Yoke's Washington Foods, ...
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