Powdork - 10:45 pm on Jan 19, 2005 (gmt 0)
Not even close. The article mentions 2,000 employees. Airfare is not necessary (for the majority) as the trip from the Bay Area by bus is less than by plane. A lift ticket at Squaw is about $30-$40 for a group that size. The lodging rates quoted for the Resort at Squaw Creek are among the highest in the area so they would go down from there. I would hazard a guess they are spending around $300/day per employee including meals, entertainment, and prizes. This would be $60,000/day. Of course that would be in addition to any vacation pay they are receiving. But that's accounted for already.
So....with all they're employees, what's that costing US....$300,000+ per day?
Perks like these that make you excited about who you work for go a loooong way toward shareholder return. They would have to give out twice the amounts listed above in bonuses to get the goodwill that comes from having a good time.
So nice to know their soooo concerned with shareholder return.