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Latest News

Jupiter offering staff £160m in share options

by Personnel Today 26 Jan 2001
by Personnel Today 26 Jan 2001

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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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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