Employee Stock Ownership Plans
ESOPs are a way of transferring stock to employees of a firm. Voting rights are still tied to the stock, as is ownership, which is generally unequal and not exclusive to the workers. Most ESOPs are not very democratic, though there are exceptions. ESOPs are often used for their tax benefits with worker ownership being a secondary byproduct. The main advantage of ESOPs is the relatively large scale at which they are implemented.