Reuters broke the news that stock-trading app Robinhood Markets Inc is giving its billionaire founders four more years to hit share price targets that trigger stock awards worth $1.4 billion. The change could cost Robinhood almost $570 million in accounting expenses over time, according to a regulatory filing and a compensation expert.
Business & FinanceTechnology
Reuters reveals Robinhood gives founders second chance at $1.4 billion windfall
09 July 2021, 1:26 pm 1 minute
Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: EquitiesTechnology
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story