traderdave wrote:pacino wrote:"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees — all union-represented, non-management and front-line managers," CEO Randall Stephenson said in a press release. "If the President signs the bill before Christmas, employees will receive the bonus over the holidays."
AT&T wasn't alone in touting its plans to spend a portion of its windfall on workers. Boeing also announced what it described as a $300 million "employee-related and charitable investment" stemming from the tax cuts. Other companies are expected to buy back stock or pay down debt with their savings.
I don't want to sound ungrateful but AT&T reported $48.5 BILLION of cash and equivalents on its 9/30/17 balance sheet. Boeing reported approximately $10 BILLION. Besides, if Stephenson really wanted to do his employees a solid, he would wait until to give them the bonus so they can pay the lower tax rate on it.
upset with how they're running things? Perhaps you should get off your ass and start your own multinational communications conglomerate.
also, they're not signing it until the new year so I guess the employees don't get their Christmas bonus until then