Gilbert: Starbucks' 1991 Employee Stock Option Grants Have Appreciated 800x
Ben Gilbert · Starbucks (with Howard Schultz) · Acquired · Jun 4, 2024 · at 1:07:05
Acquired co-host Ben Gilbert calculates the long-term investment return of Starbucks' 1991 'Bean Stock' program grants awarded to baristas and part-time employees.
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“So those initial grants, the strike price was six dollars per share. Today, as we speak, the share price is 77 dollars, but there have been six splits since then, which comes out to a 64 X. So that initial grant has 800 X'd since even the part-time employees and baristas were offered the opportunity to buy Starbucks stock.”
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