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Starbucks employees get to apply up to 10% of their (pre-tax, I believe) income to a fund that quarterly buys stock at a discounted rate (iirc, 90% of the stock
by WaxProlix 7y ago
Starbucks employees get to apply up to 10% of their (pre-tax, I believe) income to a fund that quarterly buys stock at a discounted rate (iirc, 90% of the stock price as of start or end of the quarter, whichever is lower).
It's a nice benefit, and it'd be cool to see something similar in tech.
- eanzenberg 7y agoESPP is available to many (all?) public companies.
- toast0 7y agoCertainly not all. They last public company did not have a plan; and of course, some plans are better than others.
- why_only_15 7y agoApple has a program like this. It's a 15% discount by default. Last quarter it was like 50% I think because the stock plan started when AAPL was at $200 or something and ended at $320