Word: ten
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Dates: during 1980-1989
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Desch says he estimates that his board of directors will endorse nine or ten candidates this year, as opposed to four or five candidates of previous elections...
...Employee Stock Ownership Plan, or ESOP, has rapidly come of age. Ten million U.S. workers, about one-fourth of all corporate employees, are enrolled in an ESOP, up from 3 million only a decade ago. More than 9,800 companies in the U.S. offer such programs, including 1,500 in which employees own the majority of the stock. By giving workers a stake in the company's success, enthusiasts say, the programs boost morale and productivity. But the popularity of ESOPs, which were initially created in the 1950s, has been fueled in the 1980s by an unintended and somewhat controversial...
This was not the case at Avis, which in late 1987 was bought by its workers for $1.75 billion. For Avis employees, who borrowed all the money for the deal, the ESOP ended ten tumultuous years in which the company had five corporate owners. "We needed stability, once and for all," says Chairman Joe Vittoria, 53, who has worked in the industry since...
...company heir Alan Stone no longer wanted to run the operation, so he sold it two years ago to his 200 employees for $4.5 million. Since then, annual revenues have jumped from $12 million to $30 million. The company's shares are scheduled to be distributed to employees within ten years...
That energy is matched by his knack for mobilizing essential resources -- like classrooms. After a short drive from the Taylor Center, he parks before the Holy Trinity Lutheran Church. "They're leasing us ten unused rooms for $1," Doss beams, before rushing off in his battered Olds wagon to a meeting with fund raisers...