NBC / AP: (Tom] Wolf said in two separate campaign ads on TV that his company, the York-based Wolf Organization Inc., shares 20 to 30 percent of its profits with employees under a five-year-old policy. According to the company, the profit-sharing of at least 20 percent the last two years includes Wolf, who holds the largest single ownership stake…
A Wolf Organization spreadsheet shown to the AP showed the company made slightly more than $6 million in profits in 2013 and set aside nearly $1.26 million in pre-tax profit sharing, or about 21 percent. The company in 2012 made slightly more than $2.1 million and distributed $427,412 — or 20 percent — in pre-tax profit sharing, according to the spreadsheet…
Under the profit sharing plan that was put in place in 2009, profit sharing can rise to as high as 30 percent depending on the return the owners get on their investment of working capital, Newsome said. The formula is made available to each employee, [chief financial officer, Michael Newsome] said… (more)
