Friday, February 2, 2018

Disney Joins Corporate America Pulling a Con Job on Employees

Here's How It Works

When a corporation gets a permanent tax cut, like just happened that tax cut goes on for year after year after year after year. Well you get the idea. So to try and build support for the tax cut corporations are giving some of that savings to their employees. For one year.

Walt Disney Co. (DIS) announced it will give more than 125,000 eligible employees a one-time bonus and invest $50 million in an education funding program. 

The bonuses will be distributed to all full- and part-time non-executive employees, either hourly or salaried, who have been with the company since the beginning of the year. 

The education fund will be eligible for up to 88,000 hourly employees and will cover tuition costs. 

So what is happening here is that Disney and others are taking a part, just a small part of the first year savings and giving it to employees. Next year, the employees get nothing. Standard operating practice in Donnie's America.

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