Louis O. Kelso
American lawyer / From Wikipedia, the free encyclopedia
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Louis Orth Kelso (/ˈkɛlsoʊ/; December 4, 1913 – February 17, 1991) was a political economist, corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the employee stock ownership plan (ESOP), invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.[1]
Quick Facts Born, Died ...
Louis Orth Kelso | |
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Born | |
Died | |
Nationality | American |
Education | University of Colorado at Boulder (BS 1934, JD 1938) |
Occupation(s) | Economist, Investor, Author |
Employer | Kelso & Company (founded 1971) |
Known for | Pioneered use of employee stock ownership plans as a form of corporate ownership |
Spouse | Patricia Hetter Kelso |
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