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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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
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container_issue 37
container_start_page 18
container_title Crain's New York business
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creator Isidore, Chris
description 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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identifier ISSN: 8756-789X
ispartof Crain's New York business, 1998-09, Vol.14 (37), p.18
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language eng
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source Nexis UK; Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; Regional Business News (EBSCOhost)
subjects Administrative expenses
Bank acquisitions & mergers
Cost control
Cost reduction
Employee stock ownership plans
ESOP
Initial public offerings
Operating costs
Retirement plans
Writeoffs
title Killing ESOPs a golden egg for thrifts
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