Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

TheBlackAdder

(29,981 posts)

1. This just saves money for EOY Bonuses. Any other excuse is just that.

Reply to warrior1 (Original post)

Sun Feb 9, 2014, 01:27 PM

Feb 2014

AOL might be doing this because:

1) They can fire someone's ass on December 24th, giving them a nice Christmas present, knowing the employee won't even be able to tap into their 401(k) money in the event of an emergency. Saving the company that payout.

2) AOL might be able to save that 1.25% interest on the money they would have lost by paying gradually through the year.

3) BONUS POOL. They can decide who to fire in December to free up money to pay out in bonuses. If the returns aren't that favorable... fire a few more staffers and that 'saved' 401(k) money can be used to fund the bonuses for executives.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

3 replies

= new reply since forum marked as read

Highlight:

My Baby and AOL�s Bottom Line [View all] warrior1 Feb 2014 OP

This just saves money for EOY Bonuses. Any other excuse is just that. TheBlackAdder Feb 2014 #1

Some years ago there was a Catastrophic Health law that they soon got rid of because of the high jwirr Feb 2014 #2

What I don't understand - didn't they have insurance? question everything Feb 2014 #3