Jupiter offering staff £160m in share options

Jupiter Asset Management is offering “golden handcuffs”
worth an estimated £160m to its 450 employees to prevent staff defections.

It follows the departure of John Duffield, the company’s
founder. He received a reported £5 million in an out-of-court settlement with
Jupiter and Commerzbank, its German banking parent.

However, the share options are believed to have angered many
staff at Jupiter because they may give rise to an immediate tax liabilities,
which for some senior employees could be as high as £500,000.

 

 

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