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Stock impact report

AI consulting firm hits $1 billion, makes employees part owners [Fortune]

Myers Industries, Inc. (MYE) 
Last myers industries, inc. earnings: 3/3 06:30 am Check Earnings Report
Company Research Source: Fortune
For Synechron, this meant celebrating its $1 billion annual revenue milestone by making every employee a part owner. The private AI and tech consultancy recently announced its offering a universal equity grant to all 16,000 employees worldwide—each will receive $1,000 in restricted stock units (RSUs). Unlike typical performance- or tenure-based models, this RSU grant is equal for all employees, regardless of location or role. There's no minimum tenure requirement for the award, which is granted to current employees only. The company maintains separate, performance-driven equity awards as well. Reaching $1 billion, bootstrapped and without outside investors, is a notable accomplishment, CEO and cofounder Faisal Husain told me. Founded in 2001, the once-small New York startup has grown over 24 years into a global player with offices in 21 countries. Leadership wanted a celebration of the milestone that reflected the company's values, Husain said. After considering standard reward Show less Read more
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