Sharing The Corporate Wealth
March 22, 1996
A new study establishes that more and more corporations are offering stock options and bonuses to their rank-and-file employees -- even down to the lowly mailroom clerk. To note just one example, Merck gave 6,200 employees bonuses and 8,300 employees stock options.
The consulting firm Towers Perrin reports that:
- The proportion of companies offering stock options or bonuses to nonexecutives jumped to 46 percent last year, compared to only 25 percent in 1992.
- Another 25 percent report they are considering such programs.
- Many companies award bonuses and options based on individual or department performance.
- Some 35 percent of companies give out lump-sum payments in lieu of salary increases.
Source: Tom Lowry, "Rank-and-File Workers Get Stock Options," USA Today, March 22, 1996.
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