Yep, my experineces with ESOP's has been very bad. Saw one where the 'new' corp pres and vpres took the company down in 3 years. They started getting cheap stock when the place had a high dollar and quality reputation. They managed to fix that! Funniest thing is that the pres cut the $175,000 salery by a whooping $10,000 and took over the payments on the 'company' hummer. OBTW, this was a furniture store and it did cost me quite a bit. Grumble...