Jersey Mike’s employees may see a 200% bonus post-IPO — how majority shareholder Blackstone is sharing profits

Who gets the bonus and who doesn'tBlackstone announced in May 2024 that all future U.S. private equity control investments would include broad-based employee ownership programs. Jersey Mike's is the first company to go public under that commitment. Here's how it works: corporate employees — the 293 people working at Jersey Mike's New Jersey headquarters — are eligible for bonuses ranging from 0%–200% of their eligible compensation. Executives will also receive stock grants, aligning their incentives with investors in the more traditional private equity fashion. The bigger picture: Private equity's profit-sharing momentThe Jersey Mike's IPO is Blackstone's first public demonstration of a strategy the private equity industry has been building toward for years.