Stuff owner Sinead Boucher gifts 10% of company to staff – Stuff.co.nz
Stuff owner and chief executive Sinead Boucher is gifting a 10 per cent share of the media firm to the companys close to 900 staff.
The stake in the company will be transferred to a trust controlled by employee representatives, rather than the shares being directly owned by staff members.
The arrangement means staff would receive through the trust a share of any dividends Stuff pays out, and 10 per cent of the sale proceeds if Stuff was later sold or listed, she said.
The gift means no staff…
