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ARTICLE
23 July 2024
CONVENIENCE STORE WINS HEARTS BY MAKING 175 EMPLOYEES MILLIONAIRES THROUGH COMPANY STOCK
External News

YourTango

Trending now
Stock options
USA

Stewart’s Shops, a northeastern chain of ice cream shops found at gas stations, offers a unique benefits package allowing employees to own a third of the company through an Employee Stock Ownership Plan (ESOP). This program has resulted in more than 175 employees becoming millionaires, as they receive dividends based on the company's success, which are entirely funded by the company. Stewart’s system, resembling a form of socialism, enables employees, referred to as "Partners," to have a vested interest in the company's success, leading to substantial financial gains and long-term stability for both the employees and the company.

Eaton Williamson

Eaton Williamson

Eaton is a seasoned professional serving as the Director of Executive Compensation & Equity at Seagate. With more than ten years of dedicated experience in executive compensation and equity administration, Eaton has honed her expertise in this specialized field. She is recognized for her proficiency in data analytics, a skill she leverages to propel HR practices into the realm of data-driven decision-making.

Veena

Veena Bhatia, FGE

Head of Global Equity Administration
Atlassian, Inc
United States

Class of 2024

Nathan O'Connor, FGE

Managing Director
Equity Methods
United States

Class of 2024

Michelle Tomasetti

Michelle Tomasetti, FGE

Partner
Infinite Equity
United States

Class of 2024

Jane Poli

Jane Poli, FGE

Senior Manager Finance, Equity Compensation
Johnson and Johnson
United States

Class of 2024

ARTICLE
20 May 2024
WALL STREET WILL TRANSFORM NEXT WEEK: T+1 SETTLEMENT BEGINS
External News

 Damian Chmiel

Legal and regulatory
All plan types
USA

 

When U.S. stock markets reopen after Memorial Day, they will implement a significant change: reducing the settlement period for securities transactions from two days (T+2) to one day (T+1). This transition, effective May 28, 2024, aims to reduce counterparty risk and increase automation in post-trade processes but will require updates to systems and processes and may introduce new risks. Major financial institutions and stock exchanges are preparing for this change, with concerns about potential foreign exchange (FX) risks for international investors due to the compressed timeframe and time zone differences.

ARTICLE
15 May 2024
WAFD REWARDS STOCKHOLDERS WITH BUYBACK PLAN FOR 10M SHARES
External News

Zacks

Design and strategy
All plan types
USA

WaFd, Inc. has authorized a new share repurchase program to buy back an additional 10 million shares, increasing the total buyback authorization to 11.8 million shares as of March 31, 2024. The company also declared a regular quarterly cash dividend of 26 cents per share, with a current dividend yield of 3.62%, outperforming the industry's average. Additionally, WaFd's acquisition of Luther Burbank Corporation is expected to be 8% accretive to its earnings in fiscal 2025, and the company maintains a strong balance sheet with $5.3 billion in total borrowings and $1.51 billion in cash and cash equivalents.

ARTICLE
14 May 2024
CAITLIN CLARK SALARY HIGHLIGHTS HUGE GENDER PAY DISPARITY IN US BASKETBALL
External News

Yahoo Sports

Trending now
All plan types
USA

 

Despite being one of the most marketable athletes in the world, Caitlin Clark will earn a modest $76,535 in her first year with the WNBA's Indiana Fever, which is standard for top rookies but starkly contrasts with the multimillion-dollar contracts of NBA counterparts. The WNBA players receive only about 10% of "basketball related income" compared to the NBA's 50%, leading many to play overseas to supplement their earnings. Although Clark’s high profile is drawing attention to these disparities, her substantial endorsement deals, including a potential $28 million contract with Nike, ensure a lucrative financial future.

ARTICLE
15 May 2024
USDC STABLECOIN ISSUER CIRCLE PLANS TO REDOMICILE TO THE US AHEAD OF POSSIBLE IPO
External News

The Block

Private and pre-IPO companies
All plan types
USA

 

Stablecoin issuer Circle is moving its legal base from Ireland to the United States, as confirmed by recent filings with the High Court of the Republic of Ireland. This move may be linked to Circle’s potential initial public offering (IPO) plans, despite the U.S.'s higher tax rates compared to Ireland. Circle, which confidentially filed for an IPO in January, issues the USDC stablecoin and counts major financial firms like Fidelity and BlackRock among its investors.