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AOL made an extra billion dollars this year when it sold a bunch of patents to Microsoft.That helped propel the stock to new highs.
To celebrate, it’s going to give every employee a $1,056 bonus, says AOL employee John Biggs. (The patent sale was $1.056 billion, so it’s a play on that.)
At the end of last year, AOL had ~5,660 employees according to Yahoo Finance, which would mean this bonus will cost ~$6.34 million. It’s cut some people since then, so it’s probably even less than that.