Tag Archives: employee stock ownership plan

What’s An ESOP And Why Did A Big Travel Management Company Adopt One?

By | January 4, 2018

One of the world’s largest corporate travel agencies, Pennsylvania’s World Travel Inc., before the new year announced it established an employee stock ownership plan. The company issued new shares in December as it became 100 percent employee-owned. While many ESOP companies go this way to give the owners an out, World Travel chairman Jim Wells said that wasn’t his… Read More »