Tag Archives: ESOP

An Open Letter to Senator Franken and Senator Klobuchar

Dear Senator: I am writing to you as a former employee of Creative Memories and as a former participant in Creative Memories ESOP retirement plan. Creative Memories was a scrapbooking company based out of St. Cloud, MN. Creative Memories went bankrupt … Continue reading

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How an Employee Stock Ownership Plan Can Destroy Your Company

An article recently appeared in Canvas Magazine titled, “How an Employee Stock Ownership Plan can be good for you and your employees.” See page 4. After reading this article, I felt compelled to write an alternative perspective. In 1998 when … Continue reading

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