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Employee Ownership Update for August 1, 2007
National Center for Employee Ownership [NCEO] 
Aug. 1, 2007
NCEO Executive Director Corey Rosen discusses new concerns about the use of Employee Stock Option Appreciation Rights Securities (ESOARS) as a means to value employee stock options for company accounting purposes, and possible problems with the proposed buyout of the Tribune Company by an employee stock ownership plan (ESOP) and Sam Zell if certain credit covenants are not met.
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