Trump’s ideas are going to unleash a wave of economic boom that we haven’t seen since the 80s.
Wells Fargo & Company (NYSE: WFC) today announced an expansion of its ongoing investments in team members, communities, small businesses, and homeownership, pledging the following actions once tax reform is signed into law:
- Raising the minimum hourly pay rate for its team members to $15 per hour.
- Targeting $400 million in donations to community and nonprofit organizations in 2018. The company also announced that beginning in 2019, it will target 2 percent of its after-tax profits for corporate philanthropy.
- As part of this expanded philanthropy, targeting $100 million in capital and other resources over the next three years to support the growth of diverse small businesses and $75 million in 2018 to its NeighborhoodLIFT® program, an innovative public-private collaboration focused on sustainable homeownership and neighborhood revitalization.
“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 President and CEO Tim Sloan. “We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders. As the nation’s largest small business lender and residential mortgage provider, we understand our significant role in helping grow the economy.”
Wells Fargo is not a company I trust.
Beware a Trojan Horse…
I wouldn’t trust Well Fargo any farther than I could spit.
I don’t trust them either, but at least it promotes the Wave of pure Americana I’m starting to see !
This is a great announcement for the employees and communities in which WF operates. And it is the shape of things to come for America. It will take a while for some people to get over their cynicism after decades of drought and broken promises, but we can’t let them sour this upbeat feeling. We’ve fought long and hard for these days in the sun, no thanks to them.
Wow, tax reform might make a honest business out of WF. We’ll be watching.
https://youtu.be/O-1IfQATcpI
The spirits did it all in one night
I’d be happy if they stopped charging monthly fees to keep an account in their bank. Also, give more than .000004% interest in their savings account.
They are helping everyone except the people that keep them in business. Bastards.