Louis O. Kelso

Louis Orth Kelso (; 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. Along with his collaborator and wife Patricia Hetter Kelso, he described the program as "universal capitalism", built on the underlying theory of binary economics.

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