Apple Gives Employees $2,500 Bonuses After New Tax Law
Source: Bloomberg
Apple Gives Employees $2,500 Bonuses After New Tax Law
By Mark Gurman
Updated on
-- > Company giving bonuses to most global employees in stock units
-- > Bonus program follows Apple pledge to increase U.S. spending
Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units, following the introduction of the new U.S. tax law, according to people familiar with the matter.
The iPhone maker will begin issuing stock grants to most employees worldwide in the coming months, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The move comes on the same day Apple said it would bring back most of its cash from overseas and spend $30 billion in the U.S. over the next five years, funding an additional technical support campus, data centers and 20,000 new employees.
Apple confirmed the bonuses in response to a Bloomberg inquiry Wednesday. The Cupertino, California-based company joins a growing list of American businesses that have celebrated the introduction of corporate-friendly tax law with one-time bonuses for staff. AT&T Inc., Comcast Corp., JetBlue Airways Corp. and Wal-Mart Stores Inc. also said they were giving bonuses.
In an email to employees reviewed by Bloomberg, Apple Chief Executive Officer Tim Cook said the move demonstrated his “confidence in Apple’s future” and that both full-time and part-time employees across all departments are elgible. Cook also said Apple would contribute twice the amount of each employee’s charitable donations, up to $10,000, through the end of the year. ... Apple workers below a senior-level known as director will be eligible to receive stock units. The company has more than 120,000 employees, including those at its retail stores.
Read more: https://www.bloomberg.com/news/articles/2018-01-17/apple-is-said-to-give-employees-2-500-bonuses-after-new-tax-law
Full disclosure: I own shares of APPL.
= new reply since forum marked as read
from Eastman Kodak Company to exercise my stock options at $64 a share. I retired in 2002. Right now the stock is trading at around $4 a share. One one these days I might just jump at those shares though! 
There has been 2 stock splits in the late 1980s and both were 3:2
Your options would have a strike price of 1/2 what they are listed as.
Current Stock value is $10 so at 7% growth you should only have to wait another 18 years to earn a profit.
it was in the spring of 1993, at the same time George Fisher became President of Kodak. He boldly predicted the price of Kodak shares would increase 30% within the next year. Of course the stock dropped precipitously after his 'pie-in-the-sky' statement, and never reached the asking price of around $64 a share again. I know a lot of people who jumped on that stock option at the time, and all of them lost money, some of them H-U-G-E sums of money. I could see the handwriting on the wall though, and digital photography was the future. Kodak - being the lumbering giant it had always been - was still putting all their eggs in Silver-Halide photography basket. Many of us were wondering, "what the hell are they thinking about"? I retired as soon as it was possible with time of service guidelines. By then people were being fired by the tens of thousands, and the company was on a fast track to becoming a footnote in corporate history. 
This same story was repeated by hundreds of companies around the U.S. at the time, which leads us to where we are today.......an economy devoid of manufacturing.
I thought repugs hated redistribution of wealth. 
