The New York Times

How C.E.O.s Should Spend Their Tax Cuts

BONUSES ARE NICE, BUT THE BEST INVESTMENT IS IN TRAINING YOUR EMPLOYEES.

Companies are wrestling with how to allocate the windfall from the recent tax act. It’s a nice problem to have.

Home Depot, JetBlue and Pfizer have announced plans to pass tax savings on to shareholders through stock buybacks. Apple, AT&T, Comcast, Verizon and Walt Disney are distributing one-time bonuses to their employees. BNY Mellon, FedEx and JPMorgan Chase are raising wages. Walmart and US Bancorp are giving bonuses raising wages. Boeing,

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