Walt Disney Co. will give a one-time cash bonus of $1,000 to about 125,000 employees because of federal tax reform. In addition, Verizon will give each of their employees stocks worth about $2,600.
Federal tax reform, which cut corporate rates to 21 percent, is providing a cash windfall that some employers are choosing to share with workers. Verizon Communications Inc. said Tuesday it’s giving employees stock grants worth about $2,600….
Walt Disney Co. said it will give employees a one-time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform.
About 125,000 U.S. employees will be eligible, the company said Tuesday in a statement, putting the cost at $125 million. Disney also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.