tag:blogger.com,1999:blog-5465015914589377788.post3236233420901402869..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Recognition Points UpdateMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-49568531391217409012017-03-07T12:41:50.955-05:002017-03-07T12:41:50.955-05:00@Greg: I assumed the gift point company was makin...@Greg: I assumed the gift point company was making at least some of their money from the over-valuation of the points, but I haven't sorted any of that part out, and probably never will.<br /><br />I didn't go through all the gory details, but I went to significant effort to uncover the information I wrote. Then I confirmed it with our finance group. So, I can certainly believe that few people would go to the trouble of figuring this stuff out.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-67801230917040741292017-03-07T12:30:18.245-05:002017-03-07T12:30:18.245-05:00The gift point company makes money from the corpor...The gift point company makes money from the corporations it signs up, that's where your money is going :(. Still better than not getting the bonuses I guess, but companies should just give cool efficient cash bonuses :). <br /><br />My company also has this system for some bonuses, and it's not clear if it's being added to my income and taxed as it should be. It's relatively small and gets mixed in with other bonuses, restricted stock, and share purchase plan transactions on my pay history at unspecified US$-C$ exchange rates, with random to me reporting delays. Gregnoreply@blogger.com