Slashdot Mirror
Apple Gives Employees $2,500 Bonuses After New Tax Law (bloomberg.com)
Apple told employees that it's issuing a bonus of $2,500 of restricted stock units, following the introduction of the new U.S. tax law. "The iPhone maker will begin issuing grants to most employees worldwide in the coming months," reports Bloomberg. Apple also announced today that it would bring back most of its cash from overseas and spend $30 billion in the U.S. over the next five years. From the report: Apple confirmed the bonuses in response to a Bloomberg inquiry Wednesday. The Cupertino, California-based company joins a growing list of American businesses that have celebrated the introduction of corporate-friendly tax law with one-time bonuses for staff. AT&T, Comcast, JetBlue, and Wal-Mart also said they were giving bonuses.
So far, every single company that has announced employee bonuses thanks to the tax bill has followed with an announcement of layoffs shortly afterward. In some cases, the dollar savings of the layoffs almost exactly matched the dollar cost of the bonuses.
If I was an Apple employee, I would polish up my resume. Also, I wouldn't spend those Apple Bonus Bux just yet, since it's coming in the form of restricted stock instead of a $2500.00 check.
You are welcome on my lawn.
Pure BS! Apple has been sitting on yuuuuge piles of cash for many years. They could have given bonuses etc. to employees all that time.
It's as is you don't spend your cash if your cash-pile is only 7 miles high, but do when it hits 8. All these cash-rich companies announcing bonuses are just spreading trickle-down propaganda.
The Kansas tax-cut experiment has shown that general tax cuts hurt the budget far more than they help the economy, if any. The real test for this new "experiment" will be when a recession hits and we need a rainy-day infusion. What happened to all the fiscal conservatives who were so vocal before T?
Table-ized A.I.
Sucker. You get a peanut while the plutocracy gets billions and the country gets more deficit.
Someone seems to have more mod points than sense.
I read at +2. If your post doesn't reach that level I will not see or respond to it.