The plan by Blackstone, whose $143b private-equity business employs more than 400,000 people via its portfolio companies, is part of a broader movement in the buyout industry to expand ownership beyond management ranks.
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Blackstone to grant equity to most employees in future U.S. buyouts
“In what we’re trying to do across our portfolio, broad-based equity ownership is just a part of a much more important path,” Baratta said.
