AOL Celebrates $1 Billion Patent Deal With Employee Bonuses
In a generous holiday gesture, AOL announced it will distribute \(1,056 bonuses to all employees following the company's landmark \)1.056 billion patent sale to Microsoft earlier this year.
The Milestone Bonus Decision
- Symbolic Amount: The \(1,056 bonus directly reflects the \)1.056 billion deal amount
- Company-Wide Impact: All employees across the organization will receive the bonus
- Timing: Comes during a period of strong performance for AOL’s business units
AOL’s Resurgent Performance
The bonus announcement coincides with positive momentum for the company:
- Stock price closed at \(30.94 with a daily high of \)31
- Increased traffic across AOL’s digital properties
- Patch, AOL’s hyperlocal news platform, demonstrated significant value during recent news events
Leadership’s Strategic Move
While CEO Tim Armstrong hasn’t (yet) performed any cinematic tumbles like in Scrooged, the bonus decision shows appreciation for employees during a transformative period. The move comes as AOL continues to defy expectations after years of being counted out by industry observers.
This employee recognition follows AOL’s April 2012 patent deal with Microsoft, which represented a major financial and strategic milestone for the company. The bonus serves as both celebration of past success and investment in future growth.
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