The whole ‘profit-sharing’ thing is just a façade for the news, so they can say workers are doing good when the companies do good. To make matters worse, those checks get taxed at 40 percent.

Profit-sharing for U.S. workers is based on Stellantis' North American adjusted operating income margin. It increased to 16.4% from 16.3% in 2021.

It was the 25th year for profit-sharing for the Minnesota pet food and candy maker. Overall, less than 10% of U.S. companies share profits with workers, but the number is on the rise.

This year’s payout was a 33 percent increase over 2022, when the company distributed $41.5 million. Eligible employees last year received $4,000 in profit sharing, plus a $500 bonus.

DALLAS — Coming off record earnings, American Airlines says it will make profit-sharing payments to employees. American said Wednesday that it will share 5 percent of its pretax earnings with ...

The profit sharing was calculated based on Stellantis' 2023 labor agreement with the UAW. Union-represented employees get $900 per 1% of profit margin in North America, based on how how many hours ...