AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

[Voice of Reason 10,298]

20 minutes ago, Bill & Katya said:

Definitely!  Trump can transform the Nevada desert as the ultimate safe space, and everything will be powered by solar power plants.

And they can all drive Tesla cars to their college classes that the socialists will give them, all for free!

[Amica Nostra 4,803]

5 hours ago, Nature Boy Flair said:

And gonna pump 1 billion into new infrastructure.  Rocks

1 billion? My co is a fraction of their size and invests >10billion a year

6 hours ago, Nature Boy Flair said:

 

 

AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official.

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

 

https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

Post hoc ergo propter hoc

[Amica Nostra 4,803]

6 hours ago, Nature Boy Flair said:

And gonna pump 1 billion into new infrastructure.  Rocks

Revenue of 147 Billion, TMO and Verizon eating their lunch and they are investing 1 billion? WhattaJoke.

 

[eieio 1,594]

Some people just hate it when new jobs are created and employees get a bonus.

 

ITS NOT ENOUGH>>>REEEEEEEEEE

[Póg mo 1,749]

47 minutes ago, Il Mango Dulce said:

Revenue of 147 Billion, TMO and Verizon eating their lunch and they are investing 1 billion? WhattaJoke.

 

Agreed, seeing as AT&T has a market valuation of $230 Billion.

[Póg mo 1,749]

40 minutes ago, eieio said:

Some people just hate it when new jobs are created and employees get a bonus.

 

ITS NOT ENOUGH>>>REEEEEEEEEE

No I don't think people hate AT&T for giving bonuses, we just trying to keep an eye on the biglyer picture

[Steeleballz 7,550]

5 hours ago, Bill & Katya said:

Wait, I thought the big corporations were just going to pocket the cash through stock buy backs and bonuses to those at the top?

 

    So far we are at 3 or maybe 4 big corporations. I'd like to see a few more on board, although I'm sure not every company will have a big fan fair announcement. As with all things, time will tell.

[eieio 1,594]

Quote

 

 

NOT ENOUGH!!WHAT A JOKE!! >>>>>REEEEEEEEE

 

We are 6 hours since the tax cuts passed and this is all?? >>>>>>REEEEEEEE  

[Amica Nostra 4,803]

1 hour ago, eieio said:

 

NOT ENOUGH!!WHAT A JOKE!! >>>>>REEEEEEEEE

 

We are 6 hours since the tax cuts passed and this is all?? >>>>>>REEEEEEEE  

The most hated corporation in America is celebrating! Exciting stuff! Comcast employees can expect the bonus between sometime between April and July but they will need to wait at home during that window.

[TBoneTX 45,292]

1 hour ago, Il Mango Dulce said:

Comcast employees can expect the bonus between sometime between April and July but they will need to wait at home during that window.

Now THAT'S funny!  

[jayjayj 571]

4 hours ago, Il Mango Dulce said:

The most hated corporation in America is celebrating! Exciting stuff! Comcast employees can expect the bonus between sometime between April and July but they will need to wait at home during that window.

I have to admit, that was pretty funny! 

[jayjayj 571]

8 hours ago, Póg mo said:

No I don't think people hate AT&T for giving bonuses, we just trying to keep an eye on the biglyer picture

What is the bigger picture that you are keeping an eye on?

[bcking 3,157]

The minimum wage hikes are great news.

 

The AT&T bonuses are more of a publicity stunt. 200 million is pennies to them. Their 2016 revenue was over 160 billion. Profits were 87 billion.

 

So they are "trickling down" 0.2% of their profits. Out of the "goodness" of their "souls".

[yuna628 9,676]

1 hour ago, bcking said:

The minimum wage hikes are great news.

 

The AT&T bonuses are more of a publicity stunt. 200 million is pennies to them. Their 2016 revenue was over 160 billion. Profits were 87 billion.

 

So they are "trickling down" 0.2% of their profits. Out of the "goodness" of their "souls".

The bonuses were pre-negotiated via the unions some time ago, same with Comcast. This is not the company simply deciding to be generous due to taxes - this was them agreeing with union demands. So yep... publicity stunt.. but whatever floats the boat of some.

[bcking 3,157]

22 minutes ago, yuna628 said:

The bonuses were pre-negotiated via the unions some time ago, same with Comcast. This is not the company simply deciding to be generous due to taxes - this was them agreeing with union demands. So yep... publicity stunt.. but whatever floats the boat of some.

Were the minimum wage increases also pre-negotiated?