What if your workplace gave you a multimillion-dollar stake in the company, even if your job was at the front desk or keeping the office clean? That is the unusual employee-ownership philosophy billionaire investor Bill Ackman says he has built at Pershing Square Capital Management.
Ackman, the founder and CEO of Pershing Square, recently spoke to Fortune about the firm's workplace culture, employee benefits and approach to hiring. He said the company believes employees should have a meaningful financial stake in its success, arguing that this helps explain why staff members have little reason to look elsewhere.
