Woes of Charter's ESOP show vulnerability of plan's funds.
While many economic experts tout employee stock ownership plans as a way to increase workers' ownership of their company, ESOPs do involve risk. Employees at Charter Medical Corp. may be the losers there, as their retirement plan--valued at as much as $634 million at one time--may be worth about $16 million after the company emerges from restructuring.
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D004649:Employee Incentive Plans / Q000331:legislation & jurisprudence*; D005845:Georgia; D006777:Hospitals, Proprietary / Q000191:economics* / Q000331:legislation & jurisprudence; D007449:Investments / Q000331:legislation & jurisprudence*; D009096:Multi-Institutional Systems / Q000191:economics / Q000331:legislation & jurisprudence; D010564:Personnel, Hospital; D014481:United States