Wing Tang Wong

This digital document is an article from American Journalism Review, published by University of Maryland on December 1, 1995. The length of the article is 832 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: The success of Peoria's Journal Star employee stock ownership plan prompted staffer-shareholders to quit and cash in on their huge stock accounts, causing the company to sell the newspaper because of projected financial problems. Employees figured out that they could cash in when their stock account's value was 15 times their annual salary, and earn the equivalent of the salary from interest alone. More and more employees chose this route rather than waiting for retirement at age 59 1/2, even though quitting required a year's wait for the money.Citation DetailsTitle: A plan doomed by high profits. (financial success of an employee-owned Peoria Journal Star causes its demise)Author: John MortonPublication: American Journalism Review (Refereed)Date: December 1, 1995Publisher: University of MarylandVolume: v17 Issue: n10 Page: p52(1)Distributed by Thomson Gale