Labor and talent
73 of 521 companies added a paragraph in Risk Factors that uses one of these words:
labor shortage, labor union, labor unions, unionized, collective bargaining, key personnel, attract and retain.
The paragraph is in the latest 10-K and nothing like it was in the one before.
It counts text; it does not say how serious a risk is. Words in capitals only (such as AI) must be in capitals.
By sector
Sector is the SEC's industry description of the company. Each count opens that sector's quotes below.
| Sector | Companies | Compared |
|---|---|---|
| Air Courier Services | 1 | 1 |
| Farm Machinery & Equipment | 1 | 1 |
| Food and Kindred Products | 1 | 1 |
| Meat Packing Plants | 1 | 1 |
| Misc Industrial & Commercial Machinery & Equipment | 1 | 1 |
| Miscellaneous Manufacturing Industries | 1 | 1 |
| Paper Mills | 1 | 1 |
| Real Estate Operators (No Developers) & Lessors | 1 | 1 |
| Retail-Retail Stores, NEC | 1 | 1 |
| Services-Engineering, Accounting, Research, Management | 1 | 1 |
| Services-Management Services | 1 | 1 |
| Services-Misc Health & Allied Services, NEC | 1 | 1 |
| Railroads, Line-Haul Operating | 2 | 3 |
| Search, Detection, Navigation, Guidance, Aeronautical Sys | 2 | 4 |
| Computer Peripheral Equipment, NEC | 1 | 2 |
| Cutlery, Handtools & General Hardware | 1 | 2 |
| Mining & Quarrying of Nonmetallic Minerals (No Fuels) | 1 | 2 |
| Printed Circuit Boards | 1 | 2 |
| Rubber & Plastics Footwear | 1 | 2 |
| Services-Medical Laboratories | 1 | 2 |
| Wholesale-Groceries & Related Products | 1 | 2 |
| Finance Services | 12 | 28 |
| Beverages | 2 | 5 |
| Orthopedic, Prosthetic & Surgical Appliances & Supplies | 2 | 5 |
| General Industrial Machinery & Equipment | 1 | 3 |
| Measuring & Controlling Devices, NEC | 1 | 3 |
| Perfumes, Cosmetics & Other Toilet Preparations | 1 | 3 |
| Water Transportation | 1 | 3 |
| Pharmaceutical Preparations | 3 | 11 |
| Investment Advice | 2 | 8 |
| Electronic & Other Electrical Equipment (No Computer Equip) | 1 | 4 |
| Motor Vehicles & Passenger Car Bodies | 1 | 4 |
| Retail-Eating Places | 1 | 4 |
| Security & Commodity Brokers, Dealers, Exchanges & Services | 1 | 4 |
| Services-Computer Processing & Data Preparation | 1 | 4 |
| Semiconductors & Related Devices | 3 | 15 |
| Biological Products, (No Diagnostic Substances) | 1 | 5 |
| Computer Storage Devices | 1 | 5 |
| Services-Computer Programming, Data Processing, Etc. | 1 | 5 |
| National Commercial Banks | 2 | 11 |
| State Commercial Banks | 1 | 6 |
| Crude Petroleum & Natural Gas | 1 | 7 |
| Electric Services | 2 | 15 |
| Services-Business Services, NEC | 2 | 16 |
| Real Estate Investment Trusts | 3 | 27 |
| Services-Prepackaged Software | 2 | 19 |
| Surgical & Medical Instruments & Apparatus | 1 | 10 |
117 paragraphs · Investment Advice show all sectors
(“OTC”) derivative transactions, central counterparties and trade repositories (“EMIR”), the EU Central Securities Depositories Regulation (“CSDR”) and the Markets in Financial Instruments Directive 2014 (2014/65/EU) (“MiFID II”). These regimes and regulations involve enhanced internal governance, disclosure and reporting requirements, create significant compliance and administrative burdens, and may require meaningful changes to the ways in which we conduct our business and operations. In addition, certain changes to AIFMD that comes into effect in 2026 may limit the use of leverage in certain funds, which could impact their fund returns, as well as may restrict certain alternative investment funds from marketing in specific EEA jurisdictions, which may impact our ability to raise capital from EEA investors. We additionally have regulatory capital and liquidity adequacy requirements for certain of our entities licensed under MiFID, as well as remuneration requirements of certain senior staff. Additional regulation around remuneration may make it harder for us to attract and retain talent, compared to competitors not subject to the same rules.
Read in the 10-K filed Feb 27, 2026 ↗
The loss of key personnel or their services, or any misconduct by key personnel, could have a material
Read in the 10-K filed Feb 27, 2026 ↗
Our Co-Founders, Co-Chief Executive Officers, employees, and other key personnel, including certain consultants and
Read in the 10-K filed Feb 27, 2026 ↗
products. As a result, the loss of key personnel could jeopardize our relationships with these individuals and entities, result in
Read in the 10-K filed Feb 27, 2026 ↗
If we cannot retain and motivate our employees and other key personnel or recruit, retain and motivate new employees
Read in the 10-K filed Feb 27, 2026 ↗
and other key personnel, our business may be materially and adversely affected. Our ability to recruit, retain and motivate
Read in the 10-K filed Feb 27, 2026 ↗
our employees and other key personnel is dependent on our ability to offer highly attractive incentive opportunities, benefits,
Read in the 10-K filed Feb 27, 2026 ↗
employees and other key personnel, we may be required to pay them a higher amount of non-carry cash compensation to
Read in the 10-K filed Feb 27, 2026 ↗
impact our ability to successfully identify, hire, and promote employees and other key personnel and may necessitate changes
Read in the 10-K filed Feb 27, 2026 ↗
personnel. Misconduct by our employees or other key personnel could impair our ability to retain and recruit employees, to
Read in the 10-K filed Feb 27, 2026 ↗
attract and retain clients and investors, and may subject us to significant legal liability, regulatory scrutiny, and reputational
Read in the 10-K filed Feb 27, 2026 ↗
taxation of carried interest and our ability to recruit, retain and motivate employees and key personnel. Investments must be
Read in the 10-K filed Feb 27, 2026 ↗
employees and other key personnel, which could materially increase the amount of taxes that they would be required to pay,
Read in the 10-K filed Feb 27, 2026 ↗