FedEx Committing More Than $3.2 Billion in Wage Increases, Bonuses, Pension Funding

Discussion in 'Politics' started by Rastus, Jan 26, 2018.

  1. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    FedEx Corporation is announcing three major programs today following the recently enacted U.S. Tax Cuts and Jobs Act:

    1) Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance-based incentive plans for salaried personnel.

    2) A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country.

    3) Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.
    https://www.businesswire.com/news/h...Committing-3.2-Billion-Wage-Increases-Bonuses
     
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  2. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Only $3.2 billion? Crumbs.
     
  3. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    House Minority Leader Nancy Pelosi repeated her complaint that it was just a “crumb,” and that corporate “fat cats” will get so much more.
     
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  4. SuperCourse

    SuperCourse Well-Known Member

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    Never mind those stinkin truckers, when are celebrities going to get a piece of the pie? They're just oh so important.
     
  5. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    And the former Democratic Party chief Rep. Debbie Wasserman Schultz dismissed $1,000 bonuses as chump change what won’t be worth much when taxed.

    Pelosi said, “There’s a cartoon that I just love.... There’s a little mouse trap who’s got a little piece of cheese on there and there’s a mouse about to take it and that’s called the middle class. And around it are fat cats, they look a lot like elephants but anyway, around there. And that’s the thing. Get this little thing and we get this big bonanza. You get the crumb, we get the banquet.”
     
  6. SuperCourse

    SuperCourse Well-Known Member

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    I think we can all agree, she's gone over the edge. It's sad to watch.
     
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  7. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    That elitist POS is so detached from reality that a thousand dollar bonus is crumbs to her, but it isn't to the rest of us. She makes me sick, and anyone that agrees with her assessment of these bonuses is just as ignorant as she is.
    You know you've lost grasp with the real working people of the country when you can't or won't even celebrate them getting bonuses and more of their taxes returned to them.
     
  8. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    One of my coworkers just said that he saw his pay stub and it was just under $25.00 more than normal for the same amount of hours. The Trump tax cut was implemented this week.
    Sure, it's only $100.00 per month, but that's a $100.00 that we didn't get from Obama.
     
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  9. wolf

    wolf Stinks around here lately

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    Hey add that $100 to SS it would be greatly appreciated. Do ya hear me DC. :1036316054:
     
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  10. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Could you imagine if the roles were reversed and republicans said that about $1-2k?
    It would be 24/7 out of touch.
     
  11. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    She should go home to California and enjoy the rest of her life on her grape orchards.
    Spent a little of her $40 million net worth. Leave the crumbs for the peasants.
     
  12. SuperCourse

    SuperCourse Well-Known Member

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    Thousand bucks is crumbs..to her. She spends that every month on face cream.

    [​IMG]
     
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  13. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    The American people (like me) can put that extra $100.00 per month towards the kid's college bills, groceries, phone bill, retirement, etc.etc.
    We spend the money more responsibly than Washington does.
     
    wolf likes this.
  14. Bubba74

    Bubba74 Well-Known Member

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    To quote DWS, its not really $1000 because that money is taxed so it less thus these companies are "lying"

    These on the left are fricking rediculas
     
  15. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    Yep. The DWS comments are about as stupid as saying that person doesn't actually make $15.00 per hour because they have to pay taxes out of that 15.
    What an idiot.
    And where has that election rigging POS been lately? Laying pretty low for the past year. She must think that it's safe for her to come out of hiding now.
    She's another detriment to their party, so I'm glad to see her showing her crooked (ugly) face again.
     

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