Wells Fargo raise minimum wage $100 million of that total will b

Wells Fargo

 

Wells Fargo & Company said it would raise minimum wage for its team members to $15 per hour and earmark $400 million for philanthropic initiatives in 2018. Some $100 million of that total will be committed to boosting small businesses, while $75 million will support neighborhood revitalization efforts.

“We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners,” said Wells Fargo President and CEO Tim Sloan. “We look forward to identifying additional opportunities for Wells Fargo (WFC) to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders."

 

http://www.foxbusiness.com/markets/2017/12/20/gop-tax-bill-at-t-boeing-among-corporations-rewarding-employees.html