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clrmoney
clrmoney
12/21/2017 2:55:07 PM
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Platinum
Comcast & AT&T Bonuses etc.
You would think that more companies would do things like that because if they want to keep therie valuable employess for what they do all year around then their should be a little somehting extra to get at the end of the year to splurge for yourself. I also think that this is great that these companies are doing this as well as many others.

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mhhf1ve
mhhf1ve
12/21/2017 3:45:33 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
This reminds me of the GWBush era tax rebates... I wonder if there are any objective economic studies on the effect of that stimulus. I suspect it would be very hard to separate out the effect and the effect of 9/11, though. Hopefully, we won't go to war under Trump....  

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Ariella
Ariella
12/21/2017 7:30:06 PM
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Author
Re: Comcast & AT&T Bonuses etc.
@mhhf1ve I've gotten tax rebates (and I don't mean refunds) under the Obama administration. Also some of the credits that exist now -- like the ones for college tuition-- that may disappear within a year or two effectively reduce income tax a great deal. New York State has also set up some of its own rebates. I honestly don't understand where or why, but sometimes I do get a check out of nowhere for such government programs.  The real innovation in the tax code is not the promise of reduced taxes but a simplification of the ridiculously complex setup that we've been dealing with. 

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Ariella
Ariella
12/22/2017 12:48:21 PM
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Re: Comcast & AT&T Bonuses etc.
@mhhf1ve and now Bank of America is jumping on the $1K bonus bandwagon. So those employees will be having a rather merrier Christmas. Likely most of them will spend the windfall, though some may use it to add to things like retirment or college savings. That also improves morale as peole feel they can take positive steps for their future and are not merely subsisting paycheck to paycheck. So does it actually fix things? No, obviously not. But that doesn't mean that people should keep on about how $1K a year is nothing. For some people it is something signficant -- even if it is a one-time event.

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Ariella
Ariella
12/22/2017 1:01:58 PM
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Re: Comcast & AT&T Bonuses etc.
@afwriter @mhhf1ve Proof of the psychology of what I just expressed literally just walked in my door. My daughter who has a part-time job says she was thrilled at getting a holiday bonus in the form of cash. She hadn't expected anything really, and so this was a surprising delight, and the amount -- $150 -- is significant to her.

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mhhf1ve
mhhf1ve
1/3/2018 5:46:40 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
> "My daughter who has a part-time job says she was thrilled at getting a holiday bonus in the form of cash. She hadn't expected anything really, and so this was a surprising delight.."

Many years ago, I worked at a company that handed out a year end bonus.. But it was so clumsily done that people immediately opened their envelopes (not expecting a bonus), and then immediately started comparing their bonuses (which were not equal). That was an interesting study of psychology that day.. Some people were happy. Others sad because even though they didn't expect anything, they got less than they felt they deserved. 

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Ariella
Ariella
1/3/2018 5:53:35 PM
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Re: Comcast & AT&T Bonuses etc.
<Others sad because even though they didn't expect anything, they got less than they felt they deserved. >

@mhhf1ve or just less than their coworker whom they don't consider any more productive got. My daughter didn't compare amounts, and I don't know if anyone else did. She actually thought that they were giving everyone the same amount because she would have not assumed she would get that much as a part-time employee.

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Ariella
Ariella
1/3/2018 5:53:36 PM
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Re: Comcast & AT&T Bonuses etc.
<Others sad because even though they didn't expect anything, they got less than they felt they deserved. >

@mhhf1ve or just less than their coworker whom they don't consider any more productive got. My daughter didn't compare amounts, and I don't know if anyone else did. She actually thought that they were giving everyone the same amount because she would have not assumed she would get that much as a part-time employee.

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mhhf1ve
mhhf1ve
1/3/2018 6:01:36 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
> "or just less than their coworker..."

Well, yes. And that's the "interesting" part of the psychology. There are "funny" examples in lab settings...

https://www.youtube.com/watch?v=-KSryJXDpZo

Even monkeys know what unfair pay is.

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batye
batye
1/4/2018 2:34:14 AM
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Platinum
Re: Comcast & AT&T Bonuses etc.
@mhhf1ve  I would say you have seen human nature and to each his own... as people look at things in they own way... 

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mhhf1ve
mhhf1ve
1/3/2018 5:42:46 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
> "that doesn't mean that people should keep on about how $1K a year is nothing. For some people it is something signficant.."

I'm not saying $1K is anything to sneeze at.. but... in the grand scheme of things.. what is the impact on the economy? Even if everyone decided to spend it all in one go? 

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batye
batye
1/4/2018 2:32:56 AM
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Platinum
Re: Comcast & AT&T Bonuses etc.
@mhhf1ve  it depends how you look at things - this days 1K not gonna take you far... but for me 1k spend in rural city would be a little push for the economy... 

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Ariella
Ariella
12/21/2017 7:32:42 PM
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Author
Re: Comcast & AT&T Bonuses etc.
@clmoney so many companies are quick to say that their people are their most valuable resource but fail to literally put their money where their mouth is.

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DHagar
DHagar
12/21/2017 7:35:10 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@Ariella, I fully agree!  Too few see the value in "investing" in their human capital and simply try to gain as much short-term productivity gains as they can. 

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elizabethv
elizabethv
12/29/2017 8:31:49 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@Ariella - companies haven't been doing much to show employee appreciation for a long time. My grandfather, personally, was flabbergasted when I told him I have literally never held a job that offered me any kind of pension. The word is nearly foreign to me. My husband's current employer shows their "appreciation" by offering a family health insurance plan that would literally cost him half his monthly salary. 

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Ariella
Ariella
12/29/2017 9:00:04 AM
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Re: Comcast & AT&T Bonuses etc.
@elizabethv Oh, yes, it's possible that some union and government jobs still offer pensions, but no one expects them outside of those contexts. You're lucky if your job offers to match anything on a 401K nowadays.

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mhhf1ve
mhhf1ve
1/3/2018 5:39:04 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
> "I have literally never held a job that offered me any kind of pension..."

HAhahhahaa.. Uh. there are companies that still offer pensions?!

Maybe government jobs.. and some very old school companies still do.. but I have never even seen such an offer on any job description.

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batye
batye
1/4/2018 2:29:56 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@mhhf1ve scarry reality some Co. do offer pension giving you false hope for your golden years - but it like fool paradise example on top of my head would be - http://www.cbc.ca/news/canada/ottawa/sears-pensioners-nortel-lessons-1.4352422

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DHagar
DHagar
12/21/2017 7:33:17 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
@clrmoney, agreed - this should be a model.  But I am afraid that it may be select companies as opposed to a trend. 

Excellent report, Mike.  I see AT&T as being unique in leading and investing in the future and in their employees; which may not be followed by other less successful companies.

I am also wondering if there isn't a business calculation as well that this may serve them well with the DOJ suit?

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afwriter
afwriter
12/21/2017 8:59:26 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
What happens next year when these companies don't give out the bonuses and keep all of that profit. The whole thing seems like a diversion to me. 

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Ariella
Ariella
12/22/2017 12:13:58 PM
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Author
Re: Comcast & AT&T Bonuses etc.
@afwriter Have you ever worked at a job that pays a bonus? My husband has. Some years there are no bonuses. Some years the bonus might hit 4 figures. That's the nature of bonuses that are linked to the company's own performance and profitability. You can't expect absolute uniformity. Only government jobs tend to do that with fixed raises and benefits for everyone, regardless of the state of funds -- until they are forced to layoff people if there are severe budget cutes.

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elizabethv
elizabethv
12/29/2017 8:33:53 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@afwriter - 100% a diversion. The bonuses were annouced the same day as the tax reform and that just isn't something they came up with on the seat of their pants the day it was annouced. I'd bet there was some dealing for them to do so just to make the reform look better.

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faryl
faryl
12/31/2017 8:39:49 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
Plus some of those same companies announced lay-offs recently.

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mpouraryan
mpouraryan
1/1/2018 8:53:52 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
On this first day of 2018, one thing we have to think about is the "Sugar High" that this tax bill is going to bring--AND what then?   There is also one more factor that all have to consider that would stiffle Transformation:   Trade Wars--China and Europe have been quite explicit in statements and as I was working away on commitment at the start up I work for, The Daily Outsider, this was quite striking.    Althought the $ 1000 bonus is nice--what then after that?  What about the long term?   

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batye
batye
1/2/2018 12:06:55 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@mpouraryan for me trade wars is a bit scary but I hope at the end we gonna see lower prices - who knows ... 

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mpouraryan
mpouraryan
1/2/2018 11:05:36 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
THanks for sharing your thoughts--In a trade war, no one wins and opportunites to truly be transformational will continue to be stiffled which concern all the "fearful Five"--I wonder, in fact, whether they understand that.    The bigger question is whether the US Government understands it--right now, they do not as the debate over Net Neutrality clearly illustrated.

 

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batye
batye
1/4/2018 2:26:53 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@mpouraryan yes, but for me a bit sad reality as this days Co. first doing things and after think that they done - looking at today's bottom line... spending too much for creating laws what is good for them... not for public... 

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mpouraryan
mpouraryan
1/4/2018 1:40:54 PM
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Platinum
Re: Comcast & AT&T Bonuses etc.
Never lose hope--and always stay optimsitic.    And remember what hope stands for:  Hang On, Pain Ends.    It is up to us!!

 

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batye
batye
1/4/2018 6:40:04 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@mpouraryan yes I remember in survival training they keep telling us - Never give up hope pain will end soon with you or without you if you did not make it :) but hopping for the best what make us human and living is hopping to survive... 

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mpouraryan
mpouraryan
1/4/2018 6:47:09 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
I have also been through simliar training--and part of that training entails using one's common sense & good judgement always--and never be discouraged by the "here and now".

 

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batye
batye
1/4/2018 8:56:16 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@mpouraryan I see we are on the same page :)  I try to accept life as it is looking at reality for me survival is a constant learning better way :) 

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mpouraryan
mpouraryan
1/7/2018 4:40:40 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
Thank you @bayte for the thoughts--as long as we all remember that such experiences must be used as opportunities--and not to be discouraged.    I do hope all get a kick out of this courtesy of Futurism that reflects how the best is yet to come:

https://futurism.com/2018-looking-back-century/

Wishing all a fab Week Ahead!!



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dlr5288
dlr5288
1/31/2018 3:41:36 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
I guess some companies really don’t take the time to think things fully through, as you said. It’s important to take the time they need to produce something worth selling, in my opinion.

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batye
batye
2/1/2018 1:29:26 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@dlr5288 yes you are right as this days everyone hopping to cash on the hype... sometime selling hot air at the end... 

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dlr5288
dlr5288
2/27/2018 12:36:53 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
A lot of the time they focus on revenue and not the consumers wants/needs. I understand money is obviously important in business, but so are the consumers you’re trying to sell to.

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batye
batye
3/1/2018 1:15:39 AM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@dlr5288 I this is why many Co. fail as the do not look to customers... I remember seeing my local Sears store empty for years... where CSR have no interestest to attract or engage customers... and now Sears in Canada is gone...  

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dlr5288
dlr5288
3/28/2018 4:50:44 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
And that’s what they have to understand. If they’re not bring customers in and developing along with the consumers needs, they will die out.

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batye
batye
4/2/2018 11:36:09 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
@dlr5288 the way I see it any Co. must try it best to fullfill customers needs while trying to bring in new customers keeping all customers happy with service and products... looking only for bottom line... not a long term survival solution... 

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dlr5288
dlr5288
4/30/2018 1:52:59 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
Exactly! It’s geeat for a company to grow, but they have to remember all the people that made them successful. Keeping in contact and checking up on new and old customers is crucial.

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faryl
faryl
12/31/2017 8:42:54 PM
User Rank
Platinum
Re: Comcast & AT&T Bonuses etc.
Especially since the new tax laws haven’t even taken effect yet. It’s not like they’ve already benefitted from the new bill and are using the associated profits for these bonuses.

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freehe
freehe
12/24/2017 10:05:35 PM
User Rank
Platinum
Bonuses
It is great that AT&T and Comcast employees and possibly other employees will receive bonuses. In addition, employees salaries have been stagnant for several years so the bonuses will slightly help to fill the gap.

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dlr5288
dlr5288
12/31/2017 2:29:39 PM
User Rank
Platinum
Re: Bonuses
I definitely think they more than deserve this. They’re constantly working to develop new technologies!

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freehe
freehe
12/24/2017 10:06:42 PM
User Rank
Platinum
Losers
Although telco employees win by receiving bonuses, customers lose because they may have to pay higher fees, suffer fast lane speed preferences and other issues that will come along with the protection of net neutrality.

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elizabethv
elizabethv
12/29/2017 8:27:23 AM
User Rank
Platinum
Re: Losers
@freehe - I wonder how the 2,000 people AT&T laid off just before announcing the bonuses feel about the whole thing? Actually, the University of Phoenix did something similar, right around Christmas as well. They laid off a few hundred people, and then a few weeks later announced we would all be getting bonuses for the holiday. Personally, a fair number of us would have rather seen the bonus money have been spent to keep a few of those jobs. 

http://appleinsider.com/articles/17/12/26/att-workforce-stricken-with-over-2000-layoffs-us-wide-days-after-1000-tax-reform-bonus-check

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freehe
freehe
12/24/2017 10:08:16 PM
User Rank
Platinum
Telco Bonuses
Unfortunately, this is another example of how the rich get richer and the poor get poorer. Consumers already pay too much for telco services and fees. They will now pay more with net neutrality. In addition, telco executives and shareholders will be the only ones that win.

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dcawrey
dcawrey
12/27/2017 10:54:23 AM
User Rank
Platinum
Re: Telco Bonuses
This is an opportunity to see whether trickle down economics can work. Some people still dispute that it did work in the 80s, as there was tremendous wealth generation in that decade. However, what's questionable is if it only helped wealthy people or not. 

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dlr5288
dlr5288
12/31/2017 2:30:34 PM
User Rank
Platinum
Re: Telco Bonuses
That’s what is crazy about all this! We’re already paying for services. Now we’re going to be paying a lot more for the same service we’ve already been paying...

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