GREAT: FedEx Announces Wage Increases, Bonuses Amid Tax Reform...

[Dschrute3]

Dang, Trump is on a roll!


FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan.

The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees.

FedEx also said $1.5 billion will be put toward the company's pension plan and another $1.5 billion would go toward expanding the company's hub in Indianapolis.

"FedEx believes the Tax Cuts and Jobs Act will likely increase [gross domestic product] and investment in the United States," the company said on its website...

More:
FedEx announces wage increases, bonuses amid tax reform
DRUDGE REPORT 2018®

 

[usmbguest5318]

I notice that The Hill article mention's JPMorgan's (JPM) announced pay increase. I already showed that JPM's announcement of pay raises has next to nothing to do with tax cut and the portion of it that might is so meager it's hardly worth mentioning: How JPMorgan Will Spend a Big Chunk of Its Tax Windfall .

Perhaps another member will bother to determine whether the same is so for FedEx and in turn share the results of the research and analysis?

EDIT:

FWIW and as goes the contribution to FedEx's pension plan, it's worth noting that FedEx in 2015 adopted mark-to-market (less conservative: increases uncertainty, increases volatility, and, despite FedEx's claim, reduces visibility to the extent [1] of a firm's liabilities) approach to pension accounting. That change directly affects the unfunded pension benefit liability FedEx records and reports. Some will recall that FedEx, in 2017, floated a bond offering to finance contributions to its unfunded pension liability.

I don't expect most readers here have any idea of how pension accounting works, so here's some reference material that, if read carefully, will help one understand what it is and why FedEx's remarks/actions don't have the same relevance they (The Hill ?) are "hyping" it as having.

• What Are Unfunded Pension Liabilities and Their Effects on Financial Statements?
  
• Fundamentals of Current Pension Funding and Accounting For Private Sector Pension Plans
  
• Mark-to-Market Pension Accounting As a Strategy
  
• PIOnline : Subscription Center

Note:

1. Accounting and reporting all about the measurement, recording and reporting of the nature, extent and timing of business transactions and financial position. Accounting conservatism, information reliability, and visibility to its financial position are directly proportional to one another.

 

[Dschrute3]

Great news for America! Keep it up President Trump!

 

[Moonglow]

Dang, Trump is on a roll!


FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan.

The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees.

FedEx also said $1.5 billion will be put toward the company's pension plan and another $1.5 billion would go toward expanding the company's hub in Indianapolis.

"FedEx believes the Tax Cuts and Jobs Act will likely increase [gross domestic product] and investment in the United States," the company said on its website...

More:
FedEx announces wage increases, bonuses amid tax reform
DRUDGE REPORT 2018®

But they have always give out bonuses...

 

[Dschrute3]

Dang, Trump is on a roll!


FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan.

The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees.

FedEx also said $1.5 billion will be put toward the company's pension plan and another $1.5 billion would go toward expanding the company's hub in Indianapolis.

"FedEx believes the Tax Cuts and Jobs Act will likely increase [gross domestic product] and investment in the United States," the company said on its website...

More:
FedEx announces wage increases, bonuses amid tax reform
DRUDGE REPORT 2018®

But they have always give out bonuses...

This one was a bit unexpected. Just like what Walmart's doing.