Bill Ackman’s $35 billion hedge fund has under 50 employees and all of them — from janitors to receptionists — own millions in company stock

Bill Ackman, the billionaire investor behind Pershing Square hedge fund, has been known for his unique approach to employee retention. Despite having a staff of only 48 people, every single employee—ranging from janitors to receptionists—owns millions in company stock. Ackman, who founded the firm in 2004, believes in treating employees like they are a big contributor to the success of the company.

This is evident in the generous workplace benefits he offers, including broad ownership, flexible work policies, and comprehensive healthcare benefits. Pershing Square employees are required to work from the office five days a week, but they have the option to spread out and work remotely during July and August, often working together in the Hamptons.

Ackman's commitment to building a strong team is also reflected in his hiring process, where he prioritizes individuals of high character and human qualities. He states that hiring such people is like hiring super talented colleagues who genuinely enjoy being around each other. Ackman also sees the potential of artificial intelligence (AI) to reshape industries including education and healthcare, making world-class expertise accessible to anyone with an internet connection.