ESOP Company President Testifies to Importance of Employee Ownership

ESOP company leader Barbara Schindler, President and COO, tells House Committee on Small Business that the employee ownership through an ESOP is Golden Artist Colors, Inc.’s New Berlin, New York, key to its recent success, because “When employees are treated like owners they tend to act like owners.” (click to read entire testimony) “Ms. Schindler’s testimony fly’s in the face of the Administration’s position that ESOPs are too risky for employees in companies with more than 10 or so employees because the employees can’t impact the performance of the company where they work,” said Michael Keeling, ESOP Association President.

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