BURNABY, British Columbia-Telus Corp., a Canadian telecommunications company, has extended its employee stock options to every employee in the company.
A three-year plan called “Team TELUS Options” has been launched that provides more than 20,000 employees with 100 stock options in Telus non-voting shares at an exercise price of $34.88, and each employee will receive 100 more stock options in each of the next two years.
“This week, the federal human resources minister spoke of a critical skilled-worker shortage in Canada and I can tell you Telus is not being caught off-guard,” said Darren Entwistle, Telus president and chief executive officer. “I’m proud to say our company is leading the way with this significant demonstration of Telus’ commitment to employees and, by extension, shareholders.”
According to the Conference Board of Canada, only 6.5 percent of mid- to large-sized businesses in the country provide universal employee stock options.
