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 Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking

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RR Phantom

RR Phantom

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Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking Vide
PostSubject: Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking   Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking Icon_minitimeTue Jan 22, 2013 10:30 pm
Huawei , a competitor to Cisco in the routers business and Samsung in the handset business, had an excellent 2012.

Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking Huawei318fu7de18fu7dh



Profits rose 33 per cent to 15.4 billion yuan, about $2.4 billion, according to Sina.com's English language site.

And now, 81 per cent of that money is going to employees.

The company just announced it will pay $1.9 billion in bonuses to many of its 150,000 employees.

That averages out to $12,000 per employee, but most of the money will go to "level 3" executives and higher.

http://au.pfinance.yahoo.com/fame-and-fortune/article/-/15927429/company-doles-out-80-percent-profit-to-employees
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Idiots: Company doles out $1.9 billion of $2.4 billion profits to employees; No wonder their share price is sinking

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