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Dorian Drake Becomes 100% ESOP As Owners Sell Remaining Stock To Employees


Dorian Drake Intl., the White Plains, N.Y.-based export management company, announced that its owners have completed a transaction transferring 100% of the company’s ownership to its employee stock ownership plan. The transaction closed Dec. 31. Dorian Drake CEO Ed Dorian Jr. established the ESOP and transferred 7% of the company stock to it in 2012….

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