Some of Bill Ackman’s employees will be sporting golden handcuffs soon.
The benefit vests over 10 years and is forfeited if employees jump ship before.
Employees who do not have profit interests in the firm will continue to receive a combination of salary and bonus.
The new plan was announced in a letter sent to shareholders on Wednesday.
“We are often reminded that incentives drive all human behavior,” Ackman wrote to introduce the new program after addressing the firm’s recent poor performance.
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