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Article: To buy or not to buy.(Editorials)(Bi-Mart employees have until Feb. 19 to decide)(Editorial)
- Article from:
- The Register Guard (Eugene, OR)
- Article date:
- February 11, 2004
CopyrightCOPYRIGHT 2004 The Register Guard. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: The Register-Guard
Bi-Mart employees wondering whether to liquidate a big chunk of their retirement savings for a chance to purchase the company have a lot to consider before making a final decision.
While each employee must measure the merits of a risky proposal against individual financial circumstances, all Lane County residents have a substantial stake in Bi-Mart remaining an independent retailer headquartered in Eugene.
Despite the complexity of the process, Bi-Mart's management has given its 2,300 eligible workers just three weeks to evaluate a detailed Employee Stock Ownership Plan. The Feb. 19 deadline forces many workers who ...