TITLE

MGM MIRAGE WORKERS TO MISS BONUSES

AUTHOR(S)
Stutz, Howard
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/3/2008, Vol. 25 Issue 44, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of MGM Mirage to eliminate its cash bonus program for 2008. Such decision was based on the level of profitability the company achieved during the year. Also, the company decided to leave the Nevada Resort Association as part of its cost-cutting strategy. The company reported a decline in revenues and net income during year and its stock price has fallen on October 29.
ACCESSION #
35217231

 

Related Articles

  • MGM Mirage earnings on mend. DeFoe, Jeannine // Las Vegas Business Press;10/28/2002, Vol. 19 Issue 43, p3 

    Reports on the earnings of MGM Mirage for the third-quarter of 2002 in the U.S. Net income; Increase in the profit from the Las Vegas casinos; Estimate of the amount in profit from casinos.

  • Gilt scheme and NIC.  // Accountancy;Nov87, Vol. 100 Issue 1131, p60 

    Discusses two possible problems relating to the payment of bonuses to employees in the form of gilt edged stock in Great Britain.

  • MGM Mirage builds employee housing at Primm.  // Las Vegas Business Press;12/8/2003, Vol. 20 Issue 49, p5 

    Discusses a proposed employee housing development for Primm Valley Resorts staff. MGM Mirage, Inc. building 24-acre non-profit housing complex for Primm employees; Located 35 miles south of Las Vegas, Nevada; Examination of quality of life for employees, cost of living and commuting; Benefits...

  • Be it ever so humble, there's no place like Primm. Rutherford, James // International Gaming & Wagering;Apr2004, Vol. 25 Issue 4, p20 

    Praises the efforts of MGM Mirage for developing a community-based setting at Primm, Nevada. Construction of apartment buildings; Benefits provided by the company for its employees.

  • BUSINESS NEWS IN BRIEF.  // Las Vegas Business Press;07/31/2000, Vol. 17 Issue 30, p3 

    Reports that Las Vegas, Nevada-based casino management firm MGM Mirage has posted an 82 percent increase in net income for the second quarter of 2000 ended June 30, compared in 1999. Percentage increase of earnings per share; Amount secured by the firm in bank financing.

  • Eleven ways to keep employees working their best. Pollack, Irwin // Fort Worth Business Press;6/5/2006, Vol. 19 Issue 23, p27 

    The article presents tips to keep employees and staff to work at their best. The staff must be given the tools and resources to do their jobs effectively. Employees must know how important they are. Special days in the lives of the employees must be celebrated. The manager should be sensitive to...

  • Signing bonuses lure employees.  // Electrical Wholesaling;Aug99, Vol. 80 Issue 8, p16 

    Reports on the use of the signing bonus by some companies in the United States to attract skilled workers. Ratio of companies using this approach; Percentage of companies that use signing bonus to attract middle-management and professional candidates.

  • Bonus of contention. Mealing, Lisanne // Money Marketing;3/16/2006, p62 

    The article offers an advise on how employee can minimize tax on a £700,000 bonus from the employers in Great Britain. According to the author, the employee could choose to sacrifice some of the bonus and have it paid into a personal pension in the name of the employee. The employee could...

  • MGM Mirage, Wynn report robust second quarters. Stutz, Howard; Knightly, Arnold M.; Vogel, Ed; Robison, Jennifer // Las Vegas Business Press (10712186);8/13/2007, Vol. 24 Issue 33, pP7 

    The article reports that MGM Mirage and Wynn Resorts Ltd. posted higher earnings in for the second quarter of 2008 which ended in June 30. MGM Mirage reported a net income of $360.2 million or $1.22 per share from $146.4 million or 50 cents per share in 2007. Wynn Resorts credits its profits...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics