Starbucks Corp will issue stock options to mainland employees of ventures in which it has a controlling stake, the South China Morning Post reported. The Nasdaq-listed company will issue stock options equal to about 14% of base salary to about 50% of almost 5,000 mainland employees, from top executives to the floor staff, including part-time employees who work more than 20 hours per week. Starbucks has more than 200 stores in 20 mainland cities. Founder and chairman Howard Schultz said the move is aimed at attracting and retaining local talent in an increasingly competitive labor market, and is believed to be the most extensive application of a stock-option programme by a foreign company in China to date.
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