AT&T $1000 Bonus for 200,000 employees

Dec 2014
15,436
5,189
The Milky Way
#1
Cheers!

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.

"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world," CEO Randall Stephenson said in a statement. "This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees."

AT&T had previously said it would invest $1 billion in the U.S. if "competitive" tax reform legislation was passed, and has said that tax reform framework could increase demand for AT&T's services. The new tax laws are expected to drop the corporate tax rate to 21 percent from the current 35 percent and includes other measures that Republicans say will spur businesses to invest domestically.
https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html
 
Nov 2010
23,156
14,834
#3
Yeah, a one time bribe, so dumbasses can say "see, it does trickle down" so they can continue to fight for more and more tax breaks.

Just like the dipshit cheering for 1000 saved jobs, and months laters those jobs are going away. Holy cow, humans sure can be dumb
 
Last edited:
Apr 2012
58,079
42,912
Englewood,Ohio
#4
Yeah, a one time bribe, so dumbasses can say "see, it does trickle down" so they can continue to fight for more and more tax breaks.

Just like the dipshit cheering for 1000 saved jobs, and months laters those jobs are going away. Holy cow, human sure can be dumb
I hate to say this but most companies give bonuses.

UAW members get profit sharing. That can mean quite a lot,maybe half their yearly salary. Did not happen because of the tax bill.
 
Likes: 1 person

HayJenn

Moderator
Jul 2014
65,302
53,729
CA
#9
I believe they offer annual bonuses already, on top of the tons of other incentives to work for the company. This, I believe is a bonus on top. I may be wrong.

https://www.53.com/content/fifth-third/en/careers.html

I do like their incentives.
This is about ATT and trying to curry favor for their merger.

But yep Fifth-Third - their educational assistance sounds good - so people can move up from a $15 hour job.
 
Jan 2007
34,023
7,313
#10
Yeah, a one time bribe, so dumbasses can say "see, it does trickle down" so they can continue to fight for more and more tax breaks.

Just like the dipshit cheering for 1000 saved jobs, and months laters those jobs are going away. Holy cow, humans sure can be dumb
If they get their $1000 you will be the dumb one.
 

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