AT&T and Boeing ....
Keyser Soze wrote:
On 12/20/17 5:15 PM, Mr. Luddite wrote:
... have announced employee bonuses and/or other employee benefits
as a result of the passed Tax Cut and Jobs Act.
200,000 employees will each receive a $1,000 bonus at AT&T.
(It's a bit unusual for a public company to do this as the fiduciary
responsibility of management and the Board of Directors is to the
shareholders, not necessarily the employees.Â* Good call, AT&T !)
AT&T also committed to investing a billion dollars in the USA in 2018.
"Employees of the No. 2 U.S. wireless carrier who will receive the bonus
are all “union-represented, non-management and front-line managers,”
AT&T said in a statement. The company has more than 250,000 employees in
all. A person briefed on the matter said the bonuses will cost the
company about $230 million."
Â*Meanwhile, at Boeing:
"Aerospace company Boeing Co (BA.N) also said on Wednesday it would
invest $300 million in workforce training and facilities enhancements
for employees as its CEO lauded the tax bill."
The two announcements gave at least some support to claims by Trump and
fellow Republicans that their tax bill, which cuts the corporate tax
rate to 21 percent from 35 percent, would lead to more investment by
U.S. companies.
https://www.reuters.com/article/us-usa-tax-companies/att-says-to-pay-bonuses-invest-1-billion-once-tax-reform-signed-idUSKBN1EE2NB
How big are the "management" bonuses?
Does not matter.
|