Blackstone to Expand Equity Ownership to Workers in Future Deals

Blackstone Inc. plans to share ownership of companies it buys with a broader swath of workers, according to an investor memo reviewed by Bloomberg.

Blackstone is launching an equity-linked incentive program that touches roughly 18,000 employees at climate technology company Copeland.

The firm will expand the effort and “provide broad-based worker eligibility for equity-linked bonuses at our new large-scale, US private equity control investments,” private equity head Joe Baratta said in the memo to investors.

The firm has backed companies that provided wide equity ownership to workers in the past. This marks a more systematic effort by the world’s largest ...