All of electricals etailer AO.com’s 3,000 staff are to share in value created in the company through a reward plan that will recognise “truly exceptional performance”.
AO founder and chief executive John Roberts, who will donate 100% of any reward he receives “to help disadvantaged young people in the UK”, said: “This is the AO way of doing a value creation plan. The decision to create an opportunity for every AO employee to receive a meaningful reward for the value they create is one that I’m proud to tell my mum about.”
The programme, running over a five- to seven-year period, will reward value creation above a “hurdle” share price of of £5.23 – equivalent to £2.5bn market cap – and therefore “representing exceptional growth” of about 30% per annum.
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