In recruiting win, GM’s Cruise employees offered equity in Cruise

In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC.
The filing, which also lists the initial officers of GM Cruise Holdings LLC, is a result of SoftBank’s investment in Cruise earlier this year. SoftBank’sVision Fund announced in May plans to invest $2.25 billion in Cruis