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Tribune Acquisition and Bust-up Begins; Taxpayers Are Subsidizing It, Due to ESOP
Business Law Prof Blog 
[Opinion] May 4, 2007
Excerpt: The tax breaks favor ESOP so that employees can own a share of their own companies; employee ownership was thought to produce longterm employee satisfaction and company health. Congress did not anticipate that employees could be the passive partners in a bust-up of their own company. Congress will have to reconsider the tax breaks for ESOPs after this deal.
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