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Podcast: Earmark Podcast | Earn Free Accounting CPE
Episode: Becoming Employee-Owned: How BDO Broke Out of the Partner Model
Description: Wayne Berson, CEO of BDO USA, joins Blake and guest host, David Leary, to discuss BDO's recent transition to an employee stock ownership plan (ESOP), making it the first major accounting firm to implement an ESOP structure. They discuss how the ESOP aims to attract and retain talent in the accounting profession and provide employees at all levels with an ownership stake in the firm.Chapters(00:44) - Why do an Employee Stock Ownership Plan(ESOP) now?
(09:06) - BDO borrowed $1.3 billion - what is that money for?
(14:52) - How will ESOP benefit staff?
(19:06) - Is there...