Reps were supposed to be getting a bonus today but it wasn’t paid out. No word from the EC seems like we are hurting for money why aren’t you paying this out? No communication on it seems odd since they said they wanted to be more transparent after the layoffs
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They explained it to managers as a slight delay due to verifying eligibility. Your manager just su-ks at sharing important info with you. Will be paid out within next 2 weeks.
Yes, but not as badly.
The company currently has $33 billion in cash and cash equivalents and borrowings from the Federal Home Loan Bank (FHLB) of $32 billion. It previously tapped into FHLB borrowing to ensure it had liquidity in the event of further outflows and continues to pay down these loans after they peaked at $46 billion in the first quarter.
As money moves to cash sweep we get more on interest spread and free cash. It comes down to the bond maturity date, interest rate and where the money is parked.
Which reps were supposed to receive a bonus? It wasn’t in the schedule of advance bonuses.