ESOPs forge company legacies

Folience celebrates National ESOP of the Year award

Life Line Emergency Vehicles president Randy Smith speaks at Folience's ESOP of the Year celebration
Life Line Emergency Vehicles president Randy Smith speaks at Folience's ESOP of the Year celebration Sept. 28 at Life Line's facility in Sumner. CREDIT RICHARD PRATT
For Daniel Goldstein, the benefits of ESOP (Employee Stock Ownership Plan) business operations go far beyond employees having an ownership stake in the company for which they work. As the president and chief executive officer of Cedar Rapids-based Folience sees it, ESOPs are just as much about keeping companies under local control and securing a […]
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