Staying at one company for decades was once a badge of honor. But as layoffs have become more common and workers have turned to job-hopping for higher pay and career growth, employee loyalty has become harder to find. Billionaire investor Bill Ackman, however, still believes earning employee loyalty is worth every penny.
That’s why his hedge fund Pershing Square, which manages roughly $35 billion in assets, offers its four dozen employees generous workplace benefits, including broad ownership and a rare degree of flexibility for Wall Street.
