Employees May Buy Slice of Domino’s: Domino’s...
From Times Staff and Wire Reports
Employees May Buy Slice of Domino’s: Domino’s Pizza Inc. owner Tom Monaghan said Domino’s has retained Goldman Sachs & Co. and J. P. Morgan & Co. to study the feasibility of an employee stock ownership plan. He said he will decide whether to implement an ESOP on completion of the study and will remain as chairman of Domino’s if one is adopted. Under the ESOP, Domino’s would borrow money, lend it to employees as a group to buy a majority share in the company and distribute stock to employees as a benefit redeemable as the loan is paid off.
