US tech titans mint millionaires as globalised business model pays off
When the web first boomed, the dream was to become a dotcom millionaire for running you own website. Now you can rich by working for someopne who built a website that went huge. The trick is to work for one that operates on a global scale and is based in the US. In “Tech titans pay $20bn in bonuses” The Times’ Danny Fortsun writes:
Apple, Amazon, Microsoft, Facebook and Google’s parent Alphabet doled out a combined $20bn (£15.4bn) in share payouts last year, on top of the techies’ salaries, according to an analysis of stock market filings…
The $20bn bonanza equates to $29,850 for each of the quintet’s 670,000 employees. Last year Britain’s bankers and insurance workers took home £13.9bn in bonuses, an average of £13,400 per employee.
Well, quite. As Tim notes: “Global industry pays more in bonuses across the world than the one country sector of a global business.” If you’re tax efficient, the share price will rise leaving more money to dish out amongst friends and employees back at HQ.
What we don’t know is that bonuses the Big Five’s UK-based workforce took home when compared to their colleagues in the USA, say, or Luxembourg?
Posted: 7th, May 2017 | In: Money, Technology Comment | TrackBack | Permalink
