Juul Giving $2 Billion In Bonuses

One company is giving their customers a bonus of a lifetime. Altria, who own Marlboro, bought a 35 percent stake of the e-cigarette company Juul. They were able to purchase the company for $12.8 billion. However, as a part of the transaction, they are paying their 1,500 employes a bonus of around $1.3 million of a $12.8 billion dividend.

They will base how much each employee receives on the length of time they have been with the company. Also, their bonus will depend on how much equity is owned.

Juul as of Thursday is worth $38 billion. The company is now one of the highest-valued start-up companies in California. Currently, the company as chosen to stop selling flavor pods. The reason for them no longer selling the pods is a way to stop the teenage vaping epidemic.

Juul Giving Great Bonuses To Their Employees This Year

According to news reports, the FDA was in the process of announcing a similar restriction of their own. They believe that vaping has become a health tragedy among youth. A significant number of teenagers are illegally using the vapes. However, Juul is control of 74 percent of the market when it comes to e-cigarettes.

Be that as it may, Jull says that they were never in the business of attracting teens. There is an 18 and up age, the requirement to purchase their product. The company says they came up with the product as an alternative for those who smoke traditional cigarettes.

Kevin Burns, the CEO of Juul says that they do not want anyone who doesn’t smoke or use products with nicotine to purchase their products. He goes on to say that they especially don’t want young people to use their products due to health concerns.

A few months ago, the FDA was able to seize over 1,000 pages of documents at Juul offices. They were able to obtain evidence on Juu’s sales and marketing tools.