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Las Vegas Sun in Las Vegas, Nevada

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Newspaper

Las Vegas Sun

Location

Las Vegas, Nevada, United States of America

Date

Oct 19, 1975

Page

40

Public says leaders out of touch with people across sectors

A Harris survey of 1,497 adults finds a 71 to 23 percent view that most leaders treat the public as if it had a 12 year old mentality. Congress and the executive branch are seen as most out of touch, while local government and some professions are viewed as more responsive.

Harris Ant Congress U.S. Supreme Court Military Sacred Cows Washington Banks the Press Colleges Organized Labor The White House Executive Branch

ESOT Movement Grows as Internal Capital Aid in U.S.

The employee stock ownership trust, or ESOT, offers a cheaper path for companies to grant stock to workers and borrow against it. Advocates including Leaton and Kelso note rising activity in California and Florida, boosted by 1974 laws, but IRS guidelines remain elusive. A New Jersey case shows ESOTs funding expansion with 51 percent employee stock and a $1.5 million loan, repayable via tax‑exempt cash flow while workers gain retirement stock options.

New York UPI United States Edward Leaton Lambert M. Hoppeler & Co Leaton Lou Kelso San Francisco ESOT California Internal Revenue Service Florida Arthur Goldbberg Miami Hannach Nathan S. Kolbes Bala Cynwyd Kolbes IRS Harry Rich New Jersey Goldberg Rich United Press International

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