Anonymous
Post 01/25/2018 20:56     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

thanks for keeping these little corporate announcements to this thread. THEY WERE GETTING REALY F*CKING ANNOYING IN SEPARATE THREADS. They were all over the main political topiary paGe. Now all the adults can go back to discussing what a sh*tbag trump is while the rubes stay here and circle j*rk themselves about some corporations hiring 500 people because of the tax cuts. Too bad those benevolent corporations will fire the same people 5 months later to use the tax cut money to buy automated systems. Anyway, I know tax cuts are all that matter to you, so enjoy them. We’ll all be talking about how creeping authoritarianism is a problem.
Anonymous
Post 01/25/2018 20:39     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Anonymous wrote:Just table scraps, for example, the combined total for Disney is probably less than the bonus of the CEO. And we are supposed to be grateful? F it.


You sound like Nancy Pelosi. Or, Debbie Wasserman-Schultz. A little out of touch, perhaps?
Anonymous
Post 01/25/2018 20:36     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

All this complaining about what the rich get back. Waaaaaaaa. The rich are getting a ton more, and all I'm getting is about an extra $200 a month in my paycheck.

First, the rich are getting a lot more back because they're the ones paying the lion's share of taxes. And I know is that $200 a month is half my monthly grocery bill. It eases up the stress in my budget, and now I have a little extra to go on a mini-getaway here and there. I'm not looking and thinking.....but the guy who pays $50,000 in taxes will be saving $2000 a month. He's still paying a ton more than I am, and I'm still better off with my tax cut.

People would be better off if they stopped looked "above" them and bitching about what they don't have - and stop looking a gift horse in the mouth. Thank you, Mr. Trump.
Anonymous
Post 01/25/2018 20:16     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Just table scraps, for example, the combined total for Disney is probably less than the bonus of the CEO. And we are supposed to be grateful? F it.
Anonymous
Post 01/25/2018 20:09     Subject: Master thread: companies giving bonuses/raising minimum wage/investing in workers

Sure. Don't forget to include layoffs as well.
Anonymous
Post 01/25/2018 20:04     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Anonymous wrote:Funny such a successful president needs probing up on an online board, over and over. I’m glad it makes you feel better but, he is still “hugely” unpopular

So. Much. Winning.
Anonymous
Post 01/25/2018 19:58     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Once again, bonuses are a one time thing. Wage increase of $1 to $3/hr while the uber rich get a 6% tax cuts. And those tax cuts for the middle class are TEMPORARY, while the tax cuts for the corporations don't expire.

Out of the many many corporations that we have, what percentage of them are increasing wages, benefits and creating jobs? That's the real number you need to look at, not listing one company at a time.


http://www.foxbusiness.com/markets/2017/10/27/ceos-suggest-trump-tax-cut-may-lift-investors-more-than-jobs.html

The White House Council of Economic Advisers bolstered that with an analysis that concluded lower corporate taxes would motivate companies to invest in new machines and hire more skilled workers.
....
Even small companies, which pay the highest effective tax rate and would be the main beneficiaries of a Trump tax windfall, do not appear focused on hiring.

Reuters contacted the 100 largest companies by market value in the benchmark Russell 2000 Index of U.S. small and mid-cap stocks, as well as another 50 in that index that are not covered by securities analysts. None of the 17 companies that responded to Reuters mentioned boosting their headcount.

....
The situation could be a replay of the massive 2004 repatriation "holiday" under President George W. Bush, in which 843 U.S.-based multinationals brought back $362 billion in overseas profits at a deeply slashed tax rate of 5.25 percent.

Most of that money went to stock buybacks and dividend increases. The tax break was called a costly failure in a 2011 report by the Senate Permanent Subcommittee on Investigations, which found it cost the U.S. Treasury $3.3 billion in lost revenue and "produced no appreciable increase in U.S. jobs or domestic investment."


With or without those tax cuts, jobs will get created. Look at the Clinton years. There were tax increases, but the economy and job growth were strong. It's not the tax cuts that spur job growth. The only tax cut that has any real measure for growth is the cut of capital gains tax, which makes total sense. But the whopping 6% income tax cut on the uber rich doesn't really help with economic growth. It really doesn't, and if you say "well those uber rich will re-invest that money into businesses", that's really not how it works as we saw with the Bush tax cuts and more recently, the tax cuts in Kansas.

Why do the Rs keep repeating the same damn mistake over and over. This is faith based economics and nothing more. Even the Rs are saying they have "faith" that these tax cuts will work because they have no recent historical evidence to back it up.

And I'll add, I used to be a R.
Anonymous
Post 01/25/2018 17:40     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Anonymous wrote:I grew up in a dictatorship. Our TV programming consisted of two hours a day of reporting on the great feats the country accomplished under the Dear Leader. Sorta like this, but more about manufacturing and agriculture back in those days. There were obviously no negative results to report and anyone questioning any of that was going to be put in political jail, then shipped to do slave labor until they died.

This is what Trump's minions are doing. All praise, no criticism allowed, he can never do any wrong. It's scary for me, frankly.


This and also now companies are required to "kiss the ring" anytime they announce a raise/bonus/hiring.
I am trying to remember if the auto companies ever thanked the government for the bailout that saved 1.5 million jobs in 2008 according to the Center for Automotive Research
Anonymous
Post 01/25/2018 17:09     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

I grew up in a dictatorship. Our TV programming consisted of two hours a day of reporting on the great feats the country accomplished under the Dear Leader. Sorta like this, but more about manufacturing and agriculture back in those days. There were obviously no negative results to report and anyone questioning any of that was going to be put in political jail, then shipped to do slave labor until they died.

This is what Trump's minions are doing. All praise, no criticism allowed, he can never do any wrong. It's scary for me, frankly.
Anonymous
Post 01/25/2018 17:05     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Funny such a successful president needs probing up on an online board, over and over. I’m glad it makes you feel better but, he is still “hugely” unpopular
Anonymous
Post 01/25/2018 17:03     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Anonymous wrote:Thank you, OP! But be prepared for all the liberals to come out of the woodwork. They, like the liberal media, are really working hard to make sure people don't recognize the benefits of the tax reform law.


Facts are facts, even when reported by Wal Mart's own press folks.
Anonymous
Post 01/25/2018 17:02     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

Thank you, OP! But be prepared for all the liberals to come out of the woodwork. They, like the liberal media, are really working hard to make sure people don't recognize the benefits of the tax reform law.
Anonymous
Post 01/25/2018 17:01     Subject: Re:Master thread: companies giving bonuses/raising minimum wage/investing in workers

The idea of a master thread is not a bad one, OP. But, I like separate threads since the Trump haters here start a separate thread or two, or three or ten, every day.
Anonymous
Post 01/25/2018 16:59     Subject: Master thread: companies giving bonuses/raising minimum wage/investing in workers

Anonymous wrote:I'm not sure we need a new thread every time a company announces they'll be giving bonuses, investing in their workers, raising minimum wage, etc. due to the tax reforms. That'd clog the forum up (as it kind of has!)

So, I thought it might be helpful to compile a master list of companies that are making investments in their workforce. Feel free to add to this thread when more announce.

$1000 bonuses AFTER TWENTY YEARS OF CONTINUOUS WORK FOR MOST OF THESE CORPORATIONS - FIXED THAT FOR YOU
AT&T - ?? workers
Alaska Airlines - ?? workers
American Airlines - ?? workers
Bank of America - ?? workers
BB&T - ?? workers
Citizens Financial Group - ?? workers
Comcast - ?? workers
Fiat Chrysler - $2000 bonuses to ?? workers
Fifth Third Bank - ?? workers
Home Depot - every hourly employee - THE MINIMUM IS $200, ONLY WORKERS WITH MAX NUMBER OF YEARS RECEIVE $2000
JetBlue - ?? workers
Nationwide - ?? workers
PNC Financial - ?? workers
Sinclair Broadcast - ?? workers
Southwest Airlines - ?? workers
Travelers - ?? workers
U.S. Bancorp - ?? workers
Walmart - OP, DID YOU NOT INCLUDE THE NUMBER HERE BECAUSE WAL MART LAID OFF 10, 000 EMPLOYEES AFTER CLOSING 63 STORES - THE LAYOFFS PAID FOR THE BONUS AND THE TAX CUT WENT TO THE WALTONS

Companies raising minimum wage -
BB&T - $15/hour
Fifth Third Bank - $15/hour
PNC - $15/hour
Capital One - $15/hour
Comerica Bank - $15/hour
Discover Financial Services - $15.25/hour
Dyer Capital Management - $22/hour
First Bank and Trust Company - $15/hour
First Southwest Bank - $14/hour, includes benefits

Miscellaneous/combination -
Aflac - increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
Aquesta Financial Holdings (Cornelius, North Carolina) -- $1,000 bonuses to 95 employees; base wage hike to $15 per hour
Associated Bank (Green Bay, Wisconsin) – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour
AutoNation – doubling of 401(k) match; launch of cancer benefit program
Bank of Hawaii (Honolulu, Hawaii) – $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15
Berkshire Hills Bancorp Inc. (Pittsfield, Massachusetts) – base wage increased to $15 per hour; $1,000 bonuses to over 1,000 employees; investments in employee development and training; $2 million in additional charitable giving:
Central Pacific Bank (Honolulu, Hawaii) – all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25
First Merchants Corporation (Muncie, Indiana) – $1 per hour wage increase for hourly employees; $500 bonuses for full-time employees, excluding senior management; pro-rated bonus for part-time employees
First Midwest Bancorp, Inc. (Itasca, Illinois) – Base wage raised to $15 per hour; $1,035 bonuses for 85% of employees; $2 million in additional charitable contributions
F.N.B. Corporation (Pittsburgh, Pennsylvania) – extra 401(k) contributions to employees totaling $1 million; base wage raised to $15 per hour; increased charitable donations
Fulton Financial Corporation (Lancaster, Pennsylvania) – base wage raised to $12 per hour; bonuses in the form of an additional week of pay for 75% of the 3,700 employees; $2 million in increased charitable donations:
Great Western Bancorp, Inc. – base wage raised to $15; $500 or wage increase for 70% of workforce; doubling of grants to community investment program
Humana – base wage increased to $15 per hour; acceleration of annual performance-based incentive program; additional community investments; accelerated investment in technological and operational processes; earnings benefits for shareholders; more to be announced:
JPMorgan Chase & Co. -- Base wage raised for 22,000 employees, to a range of $15 to $18 per hour; 4,000 new jobs added; 400 new branches; increased charitable donations; increased small business lending
M&T Bank Corporation (Buffalo, New York) – Base wage raised to $14 to $16 per hour based on location, a $25 million investment; employees receive 40 hours of paid time annually for volunteer/charitable/employee resource group activities
Anonymous
Post 01/25/2018 16:40     Subject: Master thread: companies giving bonuses/raising minimum wage/investing in workers

I'm not sure we need a new thread every time a company announces they'll be giving bonuses, investing in their workers, raising minimum wage, etc. due to the tax reforms. That'd clog the forum up (as it kind of has!)

So, I thought it might be helpful to compile a master list of companies that are making investments in their workforce. Feel free to add to this thread when more announce.

$1000 bonuses -
AT&T - 200K workers
Alaska Airlines - 19K workers
American Airlines - 130K workers
Bank of America - 145K workers
BB&T - 27K workers
Citizens Financial Group - 12.5K workers
Comcast - 100K workers
Fiat Chrysler - $2000 bonuses to 60K workers
Fifth Third Bank - 13K workers
Home Depot - every hourly employee
JetBlue - 21K workers
Nationwide - 29K workers
PNC Financial - 47.5K workers
Sinclair Broadcast - 9K workers
Southwest Airlines - 55K workers
Travelers - 14K workers
U.S. Bancorp - 60K workers
Walmart

Companies raising minimum wage -
BB&T - $15/hour
Fifth Third Bank - $15/hour
PNC - $15/hour
Capital One - $15/hour
Comerica Bank - $15/hour
Discover Financial Services - $15.25/hour
Dyer Capital Management - $22/hour
First Bank and Trust Company - $15/hour
First Southwest Bank - $14/hour, includes benefits

Miscellaneous/combination -
Aflac - increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
Aquesta Financial Holdings (Cornelius, North Carolina) -- $1,000 bonuses to 95 employees; base wage hike to $15 per hour
Associated Bank (Green Bay, Wisconsin) – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour
AutoNation – doubling of 401(k) match; launch of cancer benefit program
Bank of Hawaii (Honolulu, Hawaii) – $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15
Berkshire Hills Bancorp Inc. (Pittsfield, Massachusetts) – base wage increased to $15 per hour; $1,000 bonuses to over 1,000 employees; investments in employee development and training; $2 million in additional charitable giving:
Central Pacific Bank (Honolulu, Hawaii) – all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25
First Merchants Corporation (Muncie, Indiana) – $1 per hour wage increase for hourly employees; $500 bonuses for full-time employees, excluding senior management; pro-rated bonus for part-time employees
First Midwest Bancorp, Inc. (Itasca, Illinois) – Base wage raised to $15 per hour; $1,035 bonuses for 85% of employees; $2 million in additional charitable contributions
F.N.B. Corporation (Pittsburgh, Pennsylvania) – extra 401(k) contributions to employees totaling $1 million; base wage raised to $15 per hour; increased charitable donations
Fulton Financial Corporation (Lancaster, Pennsylvania) – base wage raised to $12 per hour; bonuses in the form of an additional week of pay for 75% of the 3,700 employees; $2 million in increased charitable donations:
Great Western Bancorp, Inc. – base wage raised to $15; $500 or wage increase for 70% of workforce; doubling of grants to community investment program
Humana – base wage increased to $15 per hour; acceleration of annual performance-based incentive program; additional community investments; accelerated investment in technological and operational processes; earnings benefits for shareholders; more to be announced:
JPMorgan Chase & Co. -- Base wage raised for 22,000 employees, to a range of $15 to $18 per hour; 4,000 new jobs added; 400 new branches; increased charitable donations; increased small business lending
M&T Bank Corporation (Buffalo, New York) – Base wage raised to $14 to $16 per hour based on location, a $25 million investment; employees receive 40 hours of paid time annually for volunteer/charitable/employee resource group activities