Manpowergroup board member buys $325k in shares
William Downe, a member of the board of directors at Manpowergroup Inc. (MAN), bought 4,000 shares of the company’s common stock on Nov 28. At $81.21 per share, Downe paid a total of $324,840 for the new shares.
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Milwaukee-based ManpowerGroup is the largest specialized firm in the fragmented global staffing industry. It serves each main staffing category--temporary, permanent, and project-based--and also offers a suite of HR outsourcing and outplacement services. Manpower generates annual revenue and operating income of more than $20 billion and roughly $800 million, respectively. A vast majority of sales are generated outside the U.S. from operations in 80 countries. Its 30,000 employees serve an estimated 600,000 clients and place millions of job candidates.