Blackstone's employee-ownership program, rolled out at Copeland, is the largest of its kind in a private-equity context, offering stock to 18,000 employees.
The program aims to enhance employee engagement and motivate staff by allowing them to benefit directly from the potential profits and success of the company.
This model shifts the traditional private equity approach, which often leaves employees out of profit-sharing, to one where employees are integral to the company's success.
Blackstone's initiative signals a growing trend in private equity, where firms recognize that involving employees in ownership can lead to improved performance.
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