What ‘Monzo millionaires’ can teach us about share options

Quick Summary:

And this week, staff at Moneybox, the savings and investment platform, were told they could sell up to 10 per cent of their holdings in a £70mn sale to new investors.Kerching!

It is now common for staff to be offered some kind of ownership stake, as companies recognise the power of incentivising the workforce to increase the value of a business.

As options are typically awarded every year, long-serving staff members could reap a windfall before tax equivalent to multiples of their current salary.

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Article Details

Author / Journalist: Claer Barrett

Category: MarketsFinanceInvesting

Markets: United States

Topics: Shares Options Share Company Business Staff Investors Need Work Sell Monzo

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 04:00:52 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1216 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23306977

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Official Website: ft.com

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