by kerneloftruth on 2/28/22, 11:54 PM with 1 comments
by chmaynard on 3/1/22, 12:16 AM
When I started work at Apple in 1988, the company had a profit-sharing program for employees. Profit-sharing is a a one-time bonus for a good quarter, which makes a little more sense than a permanent pay bump. In the early 2000's, when asked about profit-sharing at a company meeting, Steve Jobs responded that employees should buy Apple stock instead. AAPL was very cheap at the time. (The rest is history.)