ALC Grants Additional Employee Stock Options

Share this article:
American List Counsel, Princeton, NJ, recently added 11 participants to its list of partners by granting stock options to these key employees.


"We are trying to create a total culture where our key people are empowered, are challenged, see a career path and are rewarded in many, many ways, and a component of that is this option plan," said Fran Green, executive vice president at ALC.


It is uncommon for a privately owned company to offer stock options to employees, Green said. She was one of the first four employees who were made equity partners several years ago.


Green was also instrumental in the continuation of the initiative this year as well as two years ago, when eight employees were added.


"We may have been a little ahead of the really tough times that are going on in recruitment right now when we said, 'Let's do this,' " Green said. "It's definitely been a good strategy; we are not losing key people to dot-coms."


The company did not start the program as a ploy to foil dot-coms from enticing ALC's employees, Green said.


The new stockholders include eight Princeton-based employees and three employees who work in the ALC/West office in Corte Madera, CA.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Candidates Offer Change In The Form of Targeting

Candidates Offer Change In The Form of Targeting

A campaign for Ben Carson raised $2.8 million despite his lack of cooperation.

Target Names Retail Veteran Brian Cornell as CEO

Target Names Retail Veteran Brian Cornell as CEO

He leaves the top job at PepsiCo Foods to take the spot vacated by Greg Steinhafel in the aftermath of the data breach.

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.