Louis O. Kelso

Louis Orth Kelso
Born(1913-12-04)December 4, 1913
Denver, Colorado, U.S.
DiedFebruary 17, 1991(1991-02-17) (aged 77)
San Francisco, California, U.S.
EducationUniversity of Colorado at Boulder (BS 1934, JD 1938)
OccupationsEconomist, Investor, Author
EmployerKelso & Company (founded 1971)
Known forPioneered use of employee stock ownership plans as a form of corporate ownership
SpousePatricia Hetter Kelso

Louis Orth Kelso (/ˈkɛlsoʊ/; December 4, 1913 – February 17, 1991) was a political economist, corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the employee stock ownership plan (ESOP), invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield. He advocated for the Third Way.

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