Thursday 20 December 2018

Juul employees get $1.3 million bonuses thanks to Big Tobacco

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Juul employees are about to get some hefty bonuses, thanks to a new investment from one of the largest tobacco companies in the world.

Altria, the parent company of Marlboro maker Philip Morris, invested $12.8 billion in Juul, valuing the e-cig company at $38 billion, according to Bloomberg.

That makes Juul more valuable than Elon Musk's SpaceX, Airbnb, and Pinterest. The investment also comes with a big pay day for Juul's founders (who are now part of the billionaires club) and employees. The company is preparing fat bonuses for its workers, which will average about $1.3 million each, CNBC reported.  Read more...

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1 comment:

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