Chipmaker Advanced Micro Devices distributed more than $30 million in profit sharing to U.S. employees for the third quarter of 2000, the company's largest profit-sharing payout ever. Employees received the equivalent of approximately three-and-a-half weeks' pay, half in cash and half in deferred compensation. The current distribution represents approximately 10 percent of operating profits for the quarter ended Oct. 1, 2000.
Short Take: AMD workers get $30 million of profit
Chipmaker Advanced Micro Devices distributed more than $30 million in profit sharing to U.S. employees for the third quarter of 2000, the company's largest profit-sharing payout ever. Employees received the equivalent of approximately three-and-a-half weeks' pay, half in cash and half in deferred compensation. The current distribution represents approximately 10 percent of operating profits for the quarter ended Oct. 1, 2000.
