Comcast announces $1,000 bonuses after passage of tax bill

[turbinetree]

Source: The Hill

Comcast on Wednesday announced that it will give $1,000 to over 100,000 of its employees as a result of the passage of tax-cut legislation in Congress, as well as the FCC's repeal of net neutrality.

"Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees," the company said in a statement.

Roberts also announced that Comcast would invest $50 billion over the next five years in infrastructure towards its broadband plant and capacity, and our television, film and theme park offerings.

Comcast says that it expects to bring on thousands of new employees as a result of the investments. The firm says it will offer further details in its Jan. 24 earnings report.

Read more: http://thehill.com/policy/technology/365908-comcast-announces-1000-bonuses-in-response-to-tax-reform

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Right a bonus, whats happens in 2019 ...............I guess Comcast didn't get the memo as to what Great Britain is going to do on high speed internet service


It took this fucking oligarchy 9 years to give the employees a raise.....................bullshit, out of the billions they have made

I guess they didn't see the stock market today and yesterday................

[Eliot Rosewater]

1. This kind of stupid PR will work...say goodbye to your Medicare and SS.

[Afromania]

9. get ready for some seriously higher prices if you are a customer as well.

there goes that fancy tax rebate.

[Freethinker65]

2. Bribe for helping write the GOPs new net neutrality legislation

Ready to go on day one post tax cut. Too perfect.


Who is next? Wells Fargo? Disney?

[doc03]

3. Nice publicity stunt in payback for a tax cut and repeal of net neutrality they wanted nt

[Iliyah]

4. Yeah

[EarthFirst]

5. That $1000 wont even cover your deductible when you get sick!

Enjoy your bonus!

[fountainofyouth]

6. How about passing some of that onto your poor CUSTOMERS

Year after year the most hated company in America!

[Wellstone ruled]

7. Know end to the PR crap.

Notice the earlier Segments on MSNBC were doing their living best to promote this Tax nightmare. So those new hires,will they be from another Cable Merger? Sure smells like it.

[KWR65]

8. For a full time worker that is 48 cents per hour

Pennies from heaven.

[dixiegrrrrl]

10. and taxable. n/t

[Dawson Leery]

11. I agree with Bernie on a few matters,

one of them is there should be NO BAILOUTS FOR ANYONE, AND THAT MEANS ANYONE!

Corruption in all of these corporations.

I hope the ATT merger fails!

[RussBLib]

12. Nice if you're a Comcast employee

Surely there must be a way to get free internet. How hard could it be? Pull it out of the air if we have to.

[BumRushDaShow]

13. Comcast is about to complete the tallest building in Philly

that will surpass its first tower that is currently the tallest building in Philly. The new one will be 3rd tallest in the U.S. behind WTC1 in NYC and the Willis (formerly Sears) Tower in Chicago.



ETA - the workers have a mini William Penn up on the tallest beam of the above building to keep the championship curse away!



It matches the one on top of our city hall that used to be the tallest building until the mid-80s -

[mahatmakanejeeves]

14. The large print giveth, and the fine print taketh away.

Last edited Thu Dec 21, 2017, 10:39 AM - Edit history (2)

Retweeted by Dave Weigel: https://twitter.com/daveweigel

To celebrate the new tax bill and the end of #netneutrality Comcast will be hiking broadband by a little less than 10%, set top box fees by 10%, cable TV fees, and more! Exciting!http://www.dslreports.com/shownews/Comcast-Hikes-Prices-Increases-Sneaky-Fees-for-2018-140907?mc_cid=d762674d2e&mc_eid=bf11efc24c …

Link to tweet

Comcast Hikes Prices, Increases Sneaky Fees for 2018

by Karl Bode

Monday Dec 18 2017 16:00 EST

Comcast is joining Dish, Cox and DirecTV in informing customers that they'll be paying significantly more money for the same service in the new year. Users in our Comcast Xfinity forum say they're being told that the company is preparing monthly price hikes of $1 to $5 for most of the company's pay TV services. Comcast's is also jacking up the price it charges for premium channels, as well as its monthly "Regional Sports fee" from $5 to $6.75 per month.

Users are also being informed that Comcast is bumping its misleading "Broadcast TV fee" from $7 per month to $8.
....

This full thread in our forum has a breakdown of all the looming changes.

[AKing]

15. Similar to throwing paper towels to hurricane victims

[OliverQ]

16. This was already in the works before the Tax bill.

It's based on a union settlement and has nothing to do with their new profits. Complete lie and PR stunt to convince idiots that the tax bill is great for them.

[sofa king]

17. And every one of those employees will know why by this time next year.

It's because when tax cuts are passed the people and corporations that benefit from it go into profit-taking mode. Comcast can afford to give out a hundred million bucks in bonuses because they're going to lay off twenty percent of their workforce next year, netting around three hundred million in cold hard cash. The bonus will keep some of the greedier ones around until the day they're axed.