Prudential employees get $57M as CEO beats target
February 11, 2014 by Zackary Tracer
(Bloomberg) — Prudential Financial Inc. is spending about $57 million to reward workers after topping Chief Executive Officer John Strangfeld’s profitability goal last.
Prudential, the No. 2 U.S. life insurer, is distributing a one-time bonus of $1,300 to about 44,000 employees who don’t usually get such payouts, said Bob DeFillippo, a company spokesman. The cost hurt fourth-quarter earnings by about 9 cents per share, Strangfeld said on a conference call with analysts today. Click here to read…
Originally Posted at LifeHealthPro on February 7, 2014 by Zackary Tracer.
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