Quote:After Fred Smith recently hinted that FedEx would be likely be “responsive to the tax bill.” The company has officially released its response.
Memphis-based FedEx Corp. announced Friday, Jan. 26, three “major programs” that would total more than $3.2 billion in investments as a result of the U.S. Tax Cuts and Jobs Act.
FedEx programs:
▪$200 million in increased compensation: Two-thirds will be allocated to hourly employees by advancing the 2018 annual pay increase to April 1 rather than the normal October increase date. The remaining funds will go toward increases in performance-based incentive plans for salaried employees
▪$1.5 billion voluntary contribution to the FedEx pension plan
▪$1.5 billion investment to expand the FedEx Express Indianapolis hub over the course of the next seven years. Plans also call for the modernization and enlargement of the Memphis SuperHub. FedEx plans to announce those details in spring 2018.
In the release, the company said it believes the tax reform will likely increase the GDP and fuel investments in the U.S. FedEx also acknowledged that its 2018 fiscal earnings and capital expenditure guidance that was issued Dec. 19, 2017, has not changed.
Quote:"[T]he tax bill corrects something that has been a real problem for American business for years, and that is the punitive tax code that we used to have that dissuaded investment,” Smith told Varney. “And, investment is the only way to make blue collar workers — people who don’t have college degrees — more productive and have more income. You can hire six people to move a pile of dirt or you can hire one person with a bulldozer. The difference is the bulldozer. The bulldozer driver makes a lot more money than the people with the shovels.”
Quote:After Fred Smith recently hinted that FedEx would be likely be “responsive to the tax bill.” The company has officially released its response.
Memphis-based FedEx Corp. announced Friday, Jan. 26, three “major programs” that would total more than $3.2 billion in investments as a result of the U.S. Tax Cuts and Jobs Act.
FedEx programs:
▪$200 million in increased compensation: Two-thirds will be allocated to hourly employees by advancing the 2018 annual pay increase to April 1 rather than the normal October increase date. The remaining funds will go toward increases in performance-based incentive plans for salaried employees
▪$1.5 billion voluntary contribution to the FedEx pension plan
▪$1.5 billion investment to expand the FedEx Express Indianapolis hub over the course of the next seven years. Plans also call for the modernization and enlargement of the Memphis SuperHub. FedEx plans to announce those details in spring 2018.
In the release, the company said it believes the tax reform will likely increase the GDP and fuel investments in the U.S. FedEx also acknowledged that its 2018 fiscal earnings and capital expenditure guidance that was issued Dec. 19, 2017, has not changed.
Quote:"[T]he tax bill corrects something that has been a real problem for American business for years, and that is the punitive tax code that we used to have that dissuaded investment,” Smith told Varney. “And, investment is the only way to make blue collar workers — people who don’t have college degrees — more productive and have more income. You can hire six people to move a pile of dirt or you can hire one person with a bulldozer. The difference is the bulldozer. The bulldozer driver makes a lot more money than the people with the shovels.”
“And, investment is the only way to make blue collar workers — people who don’t have college degrees — more productive and have more income.
(01-26-2018 01:35 PM)UofMstateU Wrote: [ -> ]When you absolutely, positively need to chap some libturd ass....
Why even say that? This is how all corporations should do it; not a little one-time check.
FedEx, Starbucks & Amazon have handled it the best from what I've seen so far. Increase in salary, expanded benefits, even stock options. Not one-time little bonus checks done in the name of a press release.
(01-26-2018 01:35 PM)UofMstateU Wrote: [ -> ]When you absolutely, positively need to chap some libturd ass....
Why even say that? This is how all corporations should do it; not a little one-time check.
FedEx, Starbucks & Amazon have handled it the best from what I've seen so far. Increase in salary, expanded benefits, even stock options.
So, a $1000 check is little? Yea, good luck in November, Nancy.
That's the thing - most of the people didn't receive $1000 checks. They received around $200 checks, which after taxes would pay a bill, maybe two.
The PR splashes were "up to $1000 bonuses," based on longevity. Especially with Wal-Mart, Home Depot & the like, the vast majority of retail workers aren't there long - certainly not long enough to hit the top tier of a longevity-based bonus.
So, the companies got their splashy news story with a 4 figure amount, when in reality most of the time they were only paying out much less than that per person (and in Wal-Mart's case, closing stores & laying off employees quietly behind the scenes.) Deal of the century.
(01-26-2018 01:45 PM)stinkfist Wrote: [ -> ]this one never gets old....mfg/production walks hand in hand with shipping requirements....
"there's no answer to it"
"he just says he's going to negotiate a better deal"
"what magic wand do you have"
#howaboutdemapplesZERO
disclaimer: to be fair, some of his posits are valid (e.g. automation)
however, somebody has to fix shite and somebody has to build shite....
to end, he's right......there is no magic wand other than investing in people and business....
what a dipshite that fukbag was.....thank the good goodies he's gonski.....
He never had a clue of how an economy works, how companies make decisions on where and how to spend money, nothing. Course he never had a real job........community organizing isn't much of a job creator.......and he never learned.
Please.
Jobs have been added at about the same rate since 2011. Trump's had the same ups & downs with the unemployment rate that Obama did. 2017 had about the same overall downward trend that 2015 did with the rate.
(01-26-2018 01:57 PM)Kronke Wrote: [ -> ]Turns out that a multi-billion dollar business man knows business better than a community organizer.
Who'da thunk it?
How nice was it to have a President in Davos praising America and talking how great America is and how a rising America economy raises the world economy. A lot better than a President apologizing for America and telling the world how terrible things are in America.
(01-26-2018 01:45 PM)stinkfist Wrote: [ -> ]this one never gets old....mfg/production walks hand in hand with shipping requirements....
"there's no answer to it"
"he just says he's going to negotiate a better deal"
"what magic wand do you have"
#howaboutdemapplesZERO
disclaimer: to be fair, some of his posits are valid (e.g. automation)
however, somebody has to fix shite and somebody has to build shite....
to end, he's right......there is no magic wand other than investing in people and business....
what a dipshite that fukbag was.....thank the good goodies he's gonski.....
He never had a clue of how an economy works, how companies make decisions on where and how to spend money, nothing. Course he never had a real job........community organizing isn't much of a job creator.......and he never learned.
I truly despise career politicians w/o a clue......
Fed Ex is doing great these days. So is UPS. And believe it or not, so is the Post Office (sort of - they still have the financial limitations of having to deliver actual mail and not just parcels).
I'll admit the economy is doing well under Trump. And people seems to be increasingly confident with the economy with their purchases.
But the delivery companies doing well is more of an indication to me that people prefer online shopping over shopping at the malls or the smaller retail areas. For every one of these stories, you're seeing another story that says Sears or Macy's or Toys R Us are closing down more stores.
![[Image: D1kVtRp.jpg]](https://i.imgur.com/D1kVtRp.jpg)
![[Image: fish-out-of-water-o.gif]](http://stream1.gifsoup.com/view2/4840824/fish-out-of-water-o.gif)
![[Image: tenor.gif?itemid=9606868]](https://media1.tenor.com/images/5cf26bca96cb7f04306b30794d013097/tenor.gif?itemid=9606868)
![[Image: 3-fish-on-dock-1.jpg]](https://annnnnndthejobisalreadytaken.files.wordpress.com/2011/10/3-fish-on-dock-1.jpg)