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Blackstone is set to grant equity to employees at its U.S. buyout companies, expanding ownership beyond management. Announced at an investor conference, this plan covers new acquisitions and starts with the 18,000 employees of Copeland. To qualify, employees must stay until Blackstone sells or goes public. This initiative follows industry trends promoting broader employee ownership.
Jeff Mills. (Madrona Photo) Seattle-based venture capital firm Madrona is boosting its Silicon Valley footprint with the addition of Jeff Mills as partner