• Walmart Policies For Employees
• Walmart Drug Policy For Employees

Walmart Policies For Employees

Walmart Drug Policy For Employees

In April 2002, the Wall Street Journal published an titled “Companies Profit on Workers’ Deaths Through ‘Dead Peasants’ Insurance,” describing what was then a little-known practice wherein large companies purchased corporate-owned life insurance (or COLI) policies on low-level employees in order to garner tax breaks and profit from their deaths (even if those employees had long since ceased working for the companies that took out the policies). How to format sd card on computer. That article addressed the more colorful name by which the practice had become more widely known in subsequent years, “dead peasant insurance,” and how it grew to become common after regulatory changes in the 1980s: The practice is as widespread as it is little-known. Millions of current and former workers at hundreds of large companies are thus worth a great deal to their employers dead, as well as alive, yielding billions of dollars in tax breaks over the years, as well as a steady stream of tax-free death benefits. Nestle USA has policies covering 18,000 workers, Pitney Bowes Inc. Has policies covering 23,000, and Procter & Gamble Co.

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