Johnson & Johnson won't give eligible employees their full bonuses for 2010, citing hits to the company's reputation and the "mixed performance" for the year.
In an email sent to employees throughout the health-care giant last week, J&J's senior executives said those eligible for performance bonuses would get paid 90% of the recommended sum. Most of the company's 114,000 employees world-wide will be affected, according to company spokeswoman Carol Goodrich.
J&J had awarded its staff 100% of their bonuses the past two years, Ms. Goodrich said.
via online.wsj.com
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