Company shares $9 million with employees
Posted on 4:41 PM, under happiness, inspriration, stress relief
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Says one happy worker: 'We're fortunate to have great bosses'
DENVER - Eleven-year FreeWave Technologies Inc. employee Melanie Duran says the wireless data radio maker is a great place to work. But you can judge for yourself.
The Boulder-based company says it has had profits every month since it hired its first employee in 1995. There have been no layoffs. Employees get company-funded retirement plans and bonuses based on profits and growth.
And there's more: As part of a $113 million private-equity investment deal in 2007, FreeWave is sharing $9 million of investors' money with its fewer than 100 employees as a reward for the company's success. Shares are divvied up based on individual performance. FreeWave refused to disclose individual payments.
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