(redirected from ESOP)
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Wikipedia.


Aesop (ēˈsəp, ēˈsŏp), legendary Greek fabulist. According to Herodotus, he was a slave who lived in Samos in the 6th cent. B.C. and eventually was freed by his master. Other accounts associate him with many wild adventures and connect him with such rulers as Solon and Croesus. The fables called Aesop's fables were preserved principally through Babrius, Phaedrus, Planudes Maximus, and La Fontaine's verse translations. The most famous of these fables include “The Fox and the Grapes” and “The Tortoise and the Hare.” See fable.
The Columbia Electronic Encyclopedia™ Copyright © 2022, Columbia University Press. Licensed from Columbia University Press. All rights reserved.
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



Greek author of fables in the sixth century B.C. According to legend, Aesop was a Phrygian freedman who was employed at the court of the Lydian king Croesus and died a violent death in Delphi. Biographical information on Aesop is drawn from legend.

Aesop has been credited with supplying the themes of most of the fables known in antiquity. Short written versions of these fables were collected in the fourth and third centuries B.C.; more than 300 fables with short “morals” appear in many later manuscripts ranging in time from the tenth to the 15th century. Ideologically, Aesop’s fables are skeptical and pessimistic; their protagonists—mainly animals—are avowedly conventional figures, the narrative is concise and straightforward, and the language is simple and close to the colloquial. Aesop’s fables are the basic source of themes for the European literary fable from Phaedrus and Babrius to La Fontaine and I. A. Krylov.


Aesopica, vol. 1. Edited by B. E. Perry. Urbana, 1952.
In Russian translation:
Basni Esopa. Moscow, 1968.


Gasparov, M. L. Antichnye literaturnye basni, Moscow, 1971.
Nøjgaard, M. La Fable antique, vol. 1. Copenhagen, 1964.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.


semi-legendary fabulist of ancient Greece. [Gk. Lit.: Harvey, 10]
Allusions—Cultural, Literary, Biblical, and Historical: A Thematic Dictionary. Copyright 2008 The Gale Group, Inc. All rights reserved.


?620--564 bc, Greek author of fables in which animals are given human characters and used to satirize human failings
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005


This article is provided by FOLDOC - Free Online Dictionary of Computing (
References in periodicals archive ?
Maybe it's the people I hang with, but I don't pick up a lot of conversation about ESOPs. Yet Employee Stock Ownership Plans apparently can be an extremely effective tool for a business owner facing a need -- perhaps calendar driven -- to sell a business.
Kaplan Fiduciary Group is a leading provider of corporate governance and fiduciary advisory services to companies sponsoring Employee Stock Ownership Plans (ESOP) and other qualified retirement programs.
Sellers, on the other hand, get to "create" a buyer and generate liquidity in an ESOP transaction, as the companies often borrow money from a lender to finance a portion of the sale of stock to the ESOP.
But an ESOP is an alternative to a merger that can keep a firm intact and maintain an environment that has been favorable to both clients and employees.
Example 1: A local bank lends money to an ESOP, which uses those dollars to buy common stock from ABC Corp, the ESOP sponsor.
It is particularly important that a business establishing an ESOP be profitable, as the business will have to generate sufficient revenues to repay the business owner or lender that financed the transaction.
Whether you are a veteran employee or the new kid on the block, businesses that offer Employee Stock Ownership Plans (ESOPs) are often more effective in attracting new talent and retaining long-term employees.
How can our company design and implement its own ESOP?
As we started talking about what we were doing in relation to our industry colleagues, it became clear that very few mortgage industry executives have heard of an employee stock ownership plan (ESOP), and even fewer have a comprehensive understanding of how ESOPs function and can provide excellent, tax-advantaged exits for owners.
4975(e)(7) defines an ESOP as a tax-qualified retirement plan designed to invest primarily in the stock of the company that employs the plan participants.
More important than the steady increase in the number of S ESOPs is the increase in the number of employee owners working at S ESOP companies.