To: WIMom
Quad didn't need a union. They provided better wages and benefits than most private industries, and every level of government. Harry did it right. He was a unique person.
14 posted on
07/29/2002 9:09:45 PM PDT by
kylaka
To: kylaka
Thanks for the post, I couldn't agree more.
15 posted on
07/29/2002 9:39:34 PM PDT by
WIMom
To: kylaka
Quad is famous in the Employee Stock Ownership Plan community (ESOP). One of the reasons for their success is that their "PEP" (Personal Enrichment Plan) is a retirement program contributing company stock to employee accounts.
This non-cash corporate tax deduction captured dollars which would otherwise bleed out to the government for the growth of the company. Just another example of how companies do better when tax burdens are reduced.
Blessings on Freepers Everywhere.
22 posted on
07/30/2002 1:20:00 AM PDT by
esopman
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