Killing ESOPs a golden egg for thrifts

When T.R. Financial Corp. is bought, the buyer will be able to cut 17% of its operating expenses before it lays off the first employee or closes a single branch office.

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Bibliographic Details
Published in:Crain's New York business 1998-09, Vol.14 (37), p.18
Main Author: Isidore, Chris
Format: Article
Language:English
Subjects:
Administrative expenses
Bank acquisitions & mergers
Cost control
Cost reduction
Employee stock ownership plans
ESOP
Initial public offerings
Operating costs
Retirement plans
Writeoffs
Online Access:Get full text
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Description
Summary:When T.R. Financial Corp. is bought, the buyer will be able to cut 17% of its operating expenses before it lays off the first employee or closes a single branch office.
ISSN:8756-789X