As the CEO, Mitchell Jacobson's personal wealth in MSC Industrial Direct is substantial. He owns approximately 1.1 million shares of Class A stock, which gives him a small but significant footprint in the public market. More impressively, he commands a...
As the CEO, Mitchell Jacobson's personal wealth in MSC Industrial Direct is substantial. He owns approximately 1.1 million shares of Class A stock, which gives him a small but significant footprint in the public market. More impressively, he commands a staggering 19.1 million shares of Class B stock. This Class B stock gives him much more voting power—about 59.5%—than you’d expect for someone with only 3.3% ownership in Class A. His holdings peaked years ago and show that Jacobson has put significant trust and value in the company’s future. This has been a consistent trend, showcasing not only faith in MSC's vision but also aligning his interests closely with those of the shareholders. Although there have been fluctuations in his net worth based on the stock's performance, his commitment has remained unwavering.