Recode Daily: Comcast and AT&T hand out $1,000 bonuses to celebrate their anticipated tax windfall
https://www.recode.net/2017/12/21/16803900/comcast-att-bonus-trump-tax-reform-bill-uber-harford-facebook-age-discrimination-porch-pirates
Comcast and AT&T, among the bigger beneficiaries of President Trump’s tax reform and neutering of net neutrality, responded quickly to their anticipated tax breaks by promising $1,000 bonuses to employees once the legislation is signed into law — which Trump may delay until January. The new tax law drops the corporate tax rate to 21 percent from the current 35 percent, and includes other measures that Republicans say will spur businesses to invest domestically. Here's what other big corporations say they’ll do with their tax cuts. [CNBC]
Uber hired its first-ever COO, the second major executive hire by new CEO Dara Khosrowshahi. Barney Harford, the former CEO of online travel site Orbitz, previously worked for and later competed with Khosrowshahi in the online travel business; the appointment gives Uber another leader with extensive experience in the travel business to repair the ride-hail company after a scandal-wracked year under co-founder and then-CEO Travis Kalanick. Next priority: Finding a CFO. [Johana Bhuiyan / Recode]