-- Blackstone Inc. plans to share ownership of companies it buys with a broader swath of workers, according to an investor memo reviewed by Bloomberg .The firm will expand the effort and “provide broad-based worker eligibility for equity-linked bonuses at our new large-scale, US private equity control investments,” private equity head Joe Baratta said in the memo to investors.
As private equity has become a bigger force in society, how the industry treats and retains its workforce has come under more scrutiny. KKR & Co. Inc. was an early proponent of extending equity to workers at the companies it buys, and other firms have seen it as a way to boost morale and quell unrest at workforces.
-- A coalition of Tesla Inc. shareholders is urging its peers to reject the $56 billion pay package for Chief Executive Officer Elon Musk that the company’s board has asked investors to approve again.
Source: News Formal (newsformal.com)
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