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Top Endeavor Agents Say CEO Ari Emanuel Got Rich on IPO While Their Stock Is ‘Underwater’ (Report)
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thewrap.com
thewrap.comThe New York Post.The agents and executives affected later learned that the company’s stock took a dive not only because of the pandemic that devoured the entertainment industry — including Endeavor’s Ultimate Fighting Championship and the WME talen agency — but also because Emanuel had been granted “a massive trove of stock awards.” A rep for Endeavor did not immediately respond to TheWrap’s request for comment.
In addition, one executive told the Post that Emanuel and a handful of other top Endeavor execs decided to give many an entirely new stock option, “with harder-to-reach strike prices and longer vesting periods.” Those employees who were fully vested with the original option were left in the cold and left with unvested options,.
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