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It amazes me how inexpensive the bribes companies pay out are in comparison to the profit they make off of the deals generated by the bribes. > The Nationwide
by kevindong 7y ago
It amazes me how inexpensive the bribes companies pay out are in comparison to the profit they make off of the deals generated by the bribes.
> The Nationwide subsidiary paid $4.58 million to the National Association of Counties in 2017, the latest available data. About 1.6 million county employees and retirees have participated in 457 plans for which Nationwide is the record keeper, said Brian Namey, a spokesman for the county association.
$4.58 million / 1.6 million employees = $3.03/employee
> At the International Association of Fire Fighters, about 100,000 of the 292,000 members are in a Nationwide retirement plan, according to union President Harold Schaitberger. He said the union’s for-profit subsidiary, called the International Association of Fire Fighters Financial Corp., earns $3.4 million a year for various product endorsements—$2.5 million of it from Nationwide—and sends the parent union $2.45 million to support programs that benefit firefighters.
$2.5 million / 100,000 employees = $25/employee