MD company sees 25 workers each with $1M in employee stock ownership

When George Whelan first started working at an industrial equipment company based in Maryland, he was sweeping the floors. More than three decades later, Whelan is one of the 25 employees who has become a millionaire through the company’s employee stock ownership program, or ESOP. Whelan, Alliance Material Handling’s used equipment director, has benefited from the company’s ESOP program after it formed in 2004.