Wow! Congrats, CVS employees on your "crumbs"!

Quote:CVS to hike wages, introduce paid parental leave with windfall from new tax law

CVS Health will increase employee pay and sweeten benefits to some employees using a portion of the company's windfall from the new tax law.

CVS will boost starting pay for hourly employees to $11 per hour from $9 per hour, starting in April. Pay ranges and rates will be adjusted for many of its retail pharmacy technicians, front store associates and other hourly retail employees later in the year. Full-time employees will qualify for as much as four weeks of paid parental leave, and worker health-care premiums will hold steady at current rates.

The health-care company has more than 240,000 employees.

https://www.cnbc.com/2018/02/08/cvs-hike...nings.html

Corporate PR

They had plenty of money to do this all along.

Quote:2016 Full Year Highlights:

Net revenues increased 15.8% to $177.5 billion

Operating profit in line with Company’s expectations

GAAP diluted EPS from continuing operations of $4.91

Adjusted EPS of $5.84, an increase of 13.2%

Cash flow from operations of $10.1 billion; free cash flow of $8.1 billion

CVS Health Reports Record Fourth Quarter and Full Year Results for 2016; Confirms 2017 EPS Guidance

CVS is the pharmaceutical manager for Arkansas Blue Cross and Blue Shield, far and away the largest private insurer in the state. Pharmacies are pushing hard to get the state to go after CVS because they are reimbursing a number of commonly prescribed drugs at below the wholesale cost while offering co-pay discounts to patients to go to CVS or use their mail order business.

(02-08-2018 12:56 PM)Redwingtom Wrote:  Corporate PR

They had plenty of money to do this all along.

Quote:2016 Full Year Highlights:

Net revenues increased 15.8% to $177.5 billion

Operating profit in line with Company’s expectations

GAAP diluted EPS from continuing operations of $4.91

Adjusted EPS of $5.84, an increase of 13.2%

Cash flow from operations of $10.1 billion; free cash flow of $8.1 billion

CVS Health Reports Record Fourth Quarter and Full Year Results for 2016; Confirms 2017 EPS Guidance

the people now getting paid paternity leave probably do not care why

LOL... With a tax cut Trump is doing more to get the defacto minimum wage to 15$ an hour than Obama and the progressives have done in 15 years.

(02-08-2018 01:20 PM)Bull_Is_Back Wrote:  LOL... With a tax cut Trump is doing more to get the defacto minimum wage to 15$ an hour than Obama and the progressives have done in 15 years.

The fact that he plucked their issue away from them, and accomplished it via conservative principles must be eating them up.

bahahahaha

(02-08-2018 01:43 PM)Kronke Wrote:  

(02-08-2018 01:20 PM)Bull_Is_Back Wrote:  LOL... With a tax cut Trump is doing more to get the defacto minimum wage to 15$ an hour than Obama and the progressives have done in 15 years.

The fact that he plucked their issue away from them, and accomplished it via conservative principles must be eating them up.

bahahahaha

It is. See RWT’s post above