The following is an excerpt from an article in The Wall Street Journal:
“It also helps that adopting broad-based stock-ownership programs has gone hand in hand with growth and profitability for KKR. When KKR took Gardner Denver public in 2017, more than $100 million of its stock was granted to all of its employees, equal to 40% of their base salary. When the company merged with Ingersoll-Rand PLC’s industrial division last year, it made another $150 million in equity grants to the combined company’s nearly 16,000 employees.
Ingersoll Rand’s operating margins have climbed by about 7 percentage points, and the value of the buyout firm’s investment has more than quadrupled based on the current stock price. The lowest-paid employee who received the 2017 grant now has a stake of about $35,000.”
Read the full article in The Wall Street Journal.
