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Cranston Print Works: an Employee-Owned Company
(Continued)
The employee receives partial cash distributions through the
diversification process, and at retirement a cash distribution based on the
fair market stock value and the number of ESOP shares in his account. The
ESOP has the potential to be a significant source of retirement wealth in
addition to the Company's other retirement programs. Thus, the ESOP
motivates employees to maintain a high level of commitment to both job
quality and longevity of service.
Competitive products and competitive pricing are the only keys to survival
for any manufacturer. Because our employees believe in the ESOP, we stay
focused on improving our technology and being innovative. The ESOP concept
empowers every Cranston employee owner to perform their job with skill. At
Cranston, the ESOP means a guaranteed high level of service and outstanding
quality of product.
The individual employee owners in an ESOP company directly benefit when
their company succeeds. Thus ESOP's are unique in that no one has a stronger
interest in the quality of their products and the total satisfaction of
their customers than the employee owners of an ESOP company.
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