Page 17 - The South China Business Journal
P. 17
T Melaleuca
Last month, AT&T pledged it would invest an Idaho-based health care and home products
addition $1 billion into broadband infrastructure company Melaleuca will give bonuses to its
if the tax reform bill was passed. Yesterday, they employeesbased on how long they've been with
the company. "Melaleuca employees stay at the
added that it will “pay a special $1,000 bonus company eight years — which would result in an
to more than 200,000 AT&T U.S. employees,” $800 bonus. The company also has 147 employees
who have worked for [Melaleuca CEO Frank]
according to a company statement. VanderSloot for 20 years or more," the Associated
Press reports.
“Congress, working closely with the President,
took a monumental step to bring taxes paid by U.S. “We’re going to be able to have quite a few
businesses in line with the rest of the industrialized substantial dollars after taxes,” VanderSloot said.
“I suspect we’re one of the largest taxpayers in the
world,” said Randall Stephenson, AT&T chairman state, so we’re going to have some more dollars to
and CEO. “This tax reform will drive economic spread around. That money should go to the people
growth and create good-paying jobs. In fact, we who built the company.”
will increase our U.S. investment and pay a special BB&T
bonus to our U.S. employees.”
The North Carolina-based financial services
Comcast company will, pay out a $1,200 bonus for about
27,000 employees, raise its lowest wage to $15 per
The media and technology company will be hour, and donate $100 million to charities.
handing out $1,000 bonuses to more than 100,000 "By far and away, our associates are our most
important asset. They're the biggest reason we're
employees. Along with that, Brian Roberts, able to serve our clients each and every day in an
Chairman and CEO of Comcast NBCUniversal, extraordinary way," said BB&T Chairman and CEO
noted his company planned to spend over $50 Kelly King.
billion over the next five years on infrastructure.
Bank of America
Boeing
Bank of America will issue a $1,000 bonus to
The aerospace giant will spend $300 million: $100 145,000 employees.
million will be donated to charities, focusing on
“In the spirit of shared success, we intend to
education, local communities, and for veterans and pass some of those benefits along immediately,”
military personnel; $100 million will go to training chairman and CEO Brian Moynihan wrote, in a
its workers; and $100 million will be spent on new memo to employees.
“facilities and infrastructure enhancements for
Boeing employees.” Critics of the tax reform bill scoffed
that companies would reinvest in their
"Each of these investments benefits Boeing's most companies, employees, and communities.
important strength – our employees – and reflects But right way, we see those critics should be
the real-time impact and economic benefit of the more careful in their punditry.
reforms,” said Boeing President and Chief Executive
Tax reform is what the country needs for
Officer Dennis Muilenburg. stronger, sustainable economic growth.
We’ve only just begun to see the positive
Fifth Third Bank effects from it.■
The Cincinnati-based financial services company will
raise wages and issue a bonus. In a statement, the
company said once President Trump signs tax reform,
3,000 hourly employees will get raises to $15 per hour
and 13,500 employees will get a $1,000 bonus.
“We want to invest in our most important asset
– our people,” said Fifth Third President and
CEO Greg Carmichael. “Our employees drive our
reputation, our business and our success.”
South China Business Journal 17
Last month, AT&T pledged it would invest an Idaho-based health care and home products
addition $1 billion into broadband infrastructure company Melaleuca will give bonuses to its
if the tax reform bill was passed. Yesterday, they employeesbased on how long they've been with
the company. "Melaleuca employees stay at the
added that it will “pay a special $1,000 bonus company eight years — which would result in an
to more than 200,000 AT&T U.S. employees,” $800 bonus. The company also has 147 employees
who have worked for [Melaleuca CEO Frank]
according to a company statement. VanderSloot for 20 years or more," the Associated
Press reports.
“Congress, working closely with the President,
took a monumental step to bring taxes paid by U.S. “We’re going to be able to have quite a few
businesses in line with the rest of the industrialized substantial dollars after taxes,” VanderSloot said.
“I suspect we’re one of the largest taxpayers in the
world,” said Randall Stephenson, AT&T chairman state, so we’re going to have some more dollars to
and CEO. “This tax reform will drive economic spread around. That money should go to the people
growth and create good-paying jobs. In fact, we who built the company.”
will increase our U.S. investment and pay a special BB&T
bonus to our U.S. employees.”
The North Carolina-based financial services
Comcast company will, pay out a $1,200 bonus for about
27,000 employees, raise its lowest wage to $15 per
The media and technology company will be hour, and donate $100 million to charities.
handing out $1,000 bonuses to more than 100,000 "By far and away, our associates are our most
important asset. They're the biggest reason we're
employees. Along with that, Brian Roberts, able to serve our clients each and every day in an
Chairman and CEO of Comcast NBCUniversal, extraordinary way," said BB&T Chairman and CEO
noted his company planned to spend over $50 Kelly King.
billion over the next five years on infrastructure.
Bank of America
Boeing
Bank of America will issue a $1,000 bonus to
The aerospace giant will spend $300 million: $100 145,000 employees.
million will be donated to charities, focusing on
“In the spirit of shared success, we intend to
education, local communities, and for veterans and pass some of those benefits along immediately,”
military personnel; $100 million will go to training chairman and CEO Brian Moynihan wrote, in a
its workers; and $100 million will be spent on new memo to employees.
“facilities and infrastructure enhancements for
Boeing employees.” Critics of the tax reform bill scoffed
that companies would reinvest in their
"Each of these investments benefits Boeing's most companies, employees, and communities.
important strength – our employees – and reflects But right way, we see those critics should be
the real-time impact and economic benefit of the more careful in their punditry.
reforms,” said Boeing President and Chief Executive
Tax reform is what the country needs for
Officer Dennis Muilenburg. stronger, sustainable economic growth.
We’ve only just begun to see the positive
Fifth Third Bank effects from it.■
The Cincinnati-based financial services company will
raise wages and issue a bonus. In a statement, the
company said once President Trump signs tax reform,
3,000 hourly employees will get raises to $15 per hour
and 13,500 employees will get a $1,000 bonus.
“We want to invest in our most important asset
– our people,” said Fifth Third President and
CEO Greg Carmichael. “Our employees drive our
reputation, our business and our success.”
South China Business Journal 17
