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.

This is the second largest profit sharing payout by Delta, trailing only the record $1.6 billion it paid for 2019. That bonus was roughly equivalent to two months of pay per employee. Delta is ...

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.

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.

On Tuesday, GM said it would give its highest-ever profit-sharing checks to 42,300 hourly employees represented by the United Auto Workers. In 2019, the UAW negotiated the end of a $12,000 cap on ...

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 ...

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.