Tuesday, August 7, 2007

ESOP expert says interest by wealthy investors in the plan is growing

In an interview with The Boston Globe, Chris Mackin, founder and president of Cambridge, Ma-based Ownership Associates and a Newspaper Guild consultant, said the recent action by the Dow Jones union in evaluating alternative options to the News Corp bid is notice to the investment banking world that "unions can be savvy participants in the process and can influence events". (end of post)

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