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 Manpower Group 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 generated 2017 revenue and operating income of $21.0 billion and $788 million, respectively. Roughly 87% of sales are generated outside the U.S. from operations in 80 countries. Its 29,000 employees served an estimated 400,000 clients and placed 3.4 million persons in 2017.