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Gene is a recent college graduate looking for his first job in the field. One of the companies he interviewed with has an Employee Stock
Gene is a recent college graduate looking for his first job in the field. One of the companies he interviewed with has an Employee Stock Ownership Plan (ESOP) in place. Although he likes the idea, he knows he would like to travel and to expose himself to various work settings before he makes a firm commitment to employment with one company. Why might the company with the ESOP possibly NOT be the best choice for him? The pay for an ESOP job is generally lower. The structure of the company is too rigid and there's no travel. ESOP benefits tend to accrue over time. The company's manager has a bad reputation
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