Matthew Moulding esop gift turns The Hut Group employees into millionaires
British ecommerce company The Hut Group is in news for all the right reasons. The employees of this group have become millionaires. The reason behind this is the group’s boss. Mathew Moulding, who is the group owner. Moulding had distributed shares worth millions of dollars of the company among the employees. The stock saw an upward rally making its holders laugh all the way to the bank
Moulding had distributed The Hut Group shares worth £830 m payout (Rs 8183 cr) among its employees. The increase in share prices have made the employees rich. Source: THG Twitter Handle