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Tech star lends staff cash to buy its shares
Nick BonyhadyTechnology writer
SafetyCulture, a $2.7 billion workplace compliance software company, is lending its staff money to buy shares in the firm, as it tries to attract 200 workers globally over the next 18 months.
That strategy has been controversial at US start-ups, where some staff have been left working to pay off debts or tax on share rights that became worthless after corporate stumbles, but it is structured differently at SafetyCulture.
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
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