San Francisco Chronicle

Some workers get bonuses

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At least three major companies are building goodwill in the wake of President Trump’s tax cuts by finding ways to pass along some of their likely savings to employees.

AT&T says it will pay a $1,000 bonus to 200,000 workers once the tax bill passed Wednesday is signed into law.

The Justice Department is currently suing to block a proposed $85 billion merger between AT&T and Time Warner, a deal Trump has objected to as “not good for the country.”

Ohio’s Fifth Third Bancorp says it will pay a $1,000 bonus to more than 13,500 employees, as well as raise the minimum wage for 3,000 of its workers to $15 an hour.

Major government contractor Boeing will provide an additional $300 million for job training, facility upgrades and charitable giving.

AT&T’s relationsh­ip with the Trump administra­tion has had its ups and downs. Even as CEO Randall Stephenson praised the president, the Justice Department is busy preparing its antitrust case against AT&T’s $85.4 billion acquisitio­n of Time Warner. Stephenson has characteri­zed the deal as strategica­lly vital, but Trump has said the transactio­n would harm consumers.

On the other hand, AT&T scored a victory when the Republican-led Federal Communicat­ions Commission gutted utility-style regulation­s for Internet service providers.

In the 2016 elections, Republican candidates got 62 percent of $2.7 million in donations to federal candidates from AT&T’s political action committee that pools contributi­ons from employees, according to the Center for Responsive Politics.

Stephenson has averaged a bonus of about $5.2 million over the past three years.

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