A special$2 billion dividendwas part of the $ 12.8 billion muckle for Altria ’s minority stake in Juul and was designate for the ship’s company ’s roughly 1,500 planetary employees . If rive equally , they would see more than $ 1 million each . But theWall Street Journalreported Friday that ’s not how it ’ll do work ; or else , “ employees will receive $ 150 for every share or restrict stock unit they own . ”
Those hired within the preceding six months will get payment based on the number of units that will have vested six calendar month from the date they commence vesting . The payouts will add up for some employees as early as Christmas .
On top of that , Juul is offering retention packages . Each employee will incur a special bonus , equal to four clock time his or her usual bonus , and paid out in four installation over the next two years . That could entice some staffers to stay despite misgivings about the startup ’s new confederation with a tobacco company , one current employee said .
Some employees who have been with the company since it spun off from Pax Labs in 2017 are looking at multimillion - dollar paydays , though , according to the Journal . That variety of money is nothing to sneeze at , even if the bonuses seem plan to quench interior discontent about the deal undermining Juul ’s ethos .
The society ’s chief executiveKevin Burnssaid in May that Juul ’s mission was to “ eliminate cigarette smoking throughout the man one smoking car at a fourth dimension . ” After reports surfaced of Juul ’s give-and-take with Altria , Juul employees reportedly characterize the stakes as a “ lot with the demon ” and sound out it would defy the brand ’s declared mission .
But bloated bonuses seem to have calmed employee malaise , at least to some degree , and the company appears to have sold the idea that the deal could work up upon its foreign mission to get adult smoker off of cigaret . The Journal reported that at an all - custody meeting on Thursday , Juul employees “ applaud when CEO Kevin Burns display a mock - up of a Juul promotion inserted into a pack of Marlboros — one of the merchandising shaft the inauguration now has at its disposal . ”
That $ 2 billion in sellout money sure seems to be cultivate its magic .
[ Wall Street Journal ]
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