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For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.
Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon
Will savings rates drop after the next Fed meeting? It's unlikely national savings rates will drop after the next Fed meeting. What happens to savings rates when the Fed raises interest rates? In early 2024, savings rates are generally expected to be similar to current savings rates. Once the Fed plans to start cutting rates, however, savings rates will likely begin to go down in 2024.
Persons: Jerome Powell, Powell, David Smith, It's, it's Organizations: Federal Reserve, Federal, Committee, Pepperdine Graziadio Business, Spelman College
Insider's new work-advice column centers on a shy introvert who worries she might be a narcissist. I always thought that because I wasn't aggressive or self-aggrandizing, I couldn't possibly be a narcissist. To be clear, I'm not a professional shrink — and I'm not above getting carried away by the gospel of online personality quizzes (ahem! You're an introvert or, perhaps, a highly sensitive person, depending on the theory you subscribe to. "You might not like your manager's solution, but they may have identified a problem that you hadn't thought of.
Meta, the parent of Facebook, could go through another round of layoffs, according to reports. CEOs often see layoffs as a way to fix a company's problems, but the cuts can do lasting damage. Just a few months ago, Meta conducted its first-ever round of mass layoffs. One bout of layoffs dents morale; a second can be devastatingIt's uncommon for a company to conduct multiple rounds of layoffs, according to data from Crunchbase. One bout of layoffs can leave a dent in employee morale; a second round can be devastating.
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