IoT
Business & Finance
News
11/29/2004
05:24 PM
50%
50%

Hyperion Offers Employees $5,000 For Fuel-Efficient Car Purchase

Employees can get the reimbursement for one fuel-efficient vehicle every four years.

Hyperion Solutions Corp. is offering its employees $5,000 toward the purchase of fuel-efficient cars, the business-performance-management software vendor said Monday.

Under its "Drive clean to drive change" program, Hyperion will reimburse employees $5,000 when they purchase a vehicle that gets 45 miles per gallon of gasoline or better. That standard is achievable by fuel-efficient cars that use hybrid, diesel, and electric motors, the company says.

Hyperion aims to provide the $5,000 reimbursement to as many as 200 employees per year. Employees who have been with Hyperion for one year or longer are eligible on a first-come, first-served basis. Employees can get the reimbursement for one fuel-efficient vehicle every four years.

Switching from a car that gets 20 mpg to one that gets 45 mpg can reduce carbon-dioxide emissions by as much as three tons per person per year, Hyperion says. Many scientists suspect that rising levels of carbon dioxide in the atmosphere is a primary cause of global warming.

Based in Santa Clara, Calif.--the heart of Silicon Valley, which is notorious for its crowded highways--Hyperion employs approximately 2,500 people in 20 countries

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of July 17, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.