Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 59%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Walmart and Chipotle are splitting stock for the first time in decades. With large lower-wage workforces, they say getting shares to employees is a priority.

Walmart recently completed its first stock split in decades; Chipotle is planning the first stock split in its 30-year history to be completed in June.

Chipotle and Walmart have been among the movers in the universe of big U.S. corporations when it comes to raising pay and offering debt-free college tuition assistance to large, low-wage workforces. Now, they're sharing another tactic the companies say will have a long-term payoff for employees: publicly traded stock splits.

"The idea that all of these employees are going to rush out to the market and start buying equity frankly doesn't hold a lot of water," said Michael Kestenbaum, managing director of Gallagher's executive compensation practice. Chipotle, meanwhile, offers a quarterly opportunity to buy its common stock at a price of 92.5% of the lower of the fair market value on the first and last trading days of each offering period, according to a

Prior to its IPO, Google provided significant education to employees related to stock options and financial literacy, said Clemens Kownatzki, assistant professor of finance at Pepperdine Graziadio Business School."Without education, it's pointless," he said. Chipotle is also trying to boost the financial education it offers to employees. It has a new partnership with SoFi that gives Chipotle employees access to the SoFi at Work Dashboard, a financial well-being education platform. This includes an assessment of current financial outlook, as well as suggestions and tools, according to a spokesperson.Even stellar education can fall short when it comes to prodding workers to buy company shares, Kownatzki said.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 319. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks making the biggest moves midday: Signet Jewelers, Chipotle, Mobileye Global, Best Buy and moreThese are the stocks posting the largest moves in midday trading.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Stocks making the biggest moves premarket: Chipotle, MicroStrategy, CarMax, Intel and moreThese are the stocks posting the largest moves in premarket trading.
ソース: CNBC - 🏆 12. / 72 続きを読む »