Billionaire Decides to Divide $650 Million Among His Employees
A UK billionaire has sold his company at a profit and decided to share hundreds of millions of dollars with his employees.
Mark O'Hara and his wife have entered the top 100 richest Britons after a deal with a major investment company.
The couple owned 80% of Preqin, which they founded in 2002. It was recently bought by BlackRock for $3.32 billion, Fortune reports.
The O'Haras' share was more than $2.6 billion. The remaining 20% will be divided between top managers and ordinary employees.
Approximately $650 million (more than 57 billion rubles) will be divided between 1,500 people. Many of them will become newly minted millionaires, the company's founder said.
Preqin provides investment data processing services and offers tools to support investments in alternative assets.
Previously, we talked about how employee incentives affect their loyalty and productivity.
