USAA s annual employee bonus shrinks amid pandemic
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USAA and Wells Fargo have reached a “settlement in principle” involving patent disputes that led to two jury verdicts totaling $302.8 million. The USAA headquarters building is seen in a 2018 aerial photo.William Luther /Staff file photoShow MoreShow Less
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USAA CEO Wayne Peacock said “2020 was an unprecedented year for everyone, including USAA members and employees.”Billy Calzada /Staff PhotographerShow MoreShow Less
USAA has slashed the bonus it awards employees to 10.1 percent for 2020, the lowest amount since 2007 when the annual perk was first publicized.
It represents the biggest year-over-year drop and the sixth straight year the bonus has declined.