This week, Copeland's CEO made a significant announcement: all 18,000 employees will receive shares in the company, valued at 2.5 times their current salary, before the IPO. It's worth acknowledging that while opinions may vary about the new company, its leadership appears to be attentive to employee needs and willing to act on them. While Copeland may not be flawless, their proactive approach contrasts starkly with the perceived lack of leadership at Emerson's.
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When will Blackstone adjust the Copeland pension?
There's a expiration date to this as well. If no deal by Sept 2030, the deal is canceled. What are the odds they announce something Nov 1...?
Also, what are the odds they roll new acquisitions, debt, etc. into the "valuation" to just sc--w employees out of this "cash"/stock plan?
Anyone that sticks around at Copeland for 6 more years for the hope if a "20-100%" bonus is a fool.
35% is still better than what Emerson is handing out.
"all 18,000 employees will receive shares in the company, valued at 2.5 times their current salary" --> not true. What was said was all employees will receive a cash payout, depending on the multiple paid during IPO, and based on current salary. The example they gave was if sold at 2.5x multiple, employees would get 35% of their salary as payout.
https://www.wsj.com/finance/blackstone-to-grant-equity-to-most-employees-in-future-u-s-buyouts-3c5fed45