Norman Stein, who teaches law at Drexel University, says employee ownership under the ESOP model causes more harm than good.

WSJ: Small Business Owners Cash Out, but Do Workers Gain?

Andrew Stumpff, an outspoken critic of the ESOP model who teaches at University of Michigan Law School, says it's bad enough to risk your retirement savings in a single company.

WSJ: Small Business Owners Cash Out, but Do Workers Gain?