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How wealthy did each 99 Cent Only employee become when the company went public?
Wiki User
∙ 15y ago
It depends obviously on what there stock granting was in 96 when the company went public. Most of the people Assistant Store Manager Down made very little and since most of them had very little concept of stock options and no training from the company on the subject it did not effect there lives very much. Store Managers and up did very well Many of the District Managers own houses and in some instances more then one house. The one time Director of stores is a millionaire many times over despite I dont even believe he has a high school education. He worked for the company for age 12 I believe and was once engaged to Dave and Sherry's oldest daughter who died unfortunatly. The Golds are multi millionaires from just the stock sales to date I believe. At one time there total worth (as a family) was in the Billion dollar range. But that was before the Market caught up with them. Most of the officers of the company have not done that well. With the exception of the current and possibly former CFO and I believe the IT VP who has been here forever and will always have a job as long as Jeff still works here.
Wiki User
∙ 15y ago
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