Been thinking a lot about this… The Senate’s One Big Beautiful Bill basically locks in Verizon’s tax savings from the 2017 cuts, which still save the company around $4–$4.5 billion a year. Meanwhile, we spend about $1.5 billion annually on LTI stock grants, and with bonus depreciation extended, Verizon could write off several billion upfront if we go ahead with buying Frontier’s network assets.
Verizon’s always been known for having some of the best comp and benefits in the industry, and back in 2017, the company did share tax savings with employees through things like LTI grants. But cost of living has shot up since then, and BBB includes cuts to housing benefits, Medicaid, and SNAP—which could hit our frontline folks the hardest.
Just wondering if leadership plans to share these financial wins with employees again—maybe through pay adjustments—to help offset these rising costs and keep us competitive? Anyone hearing anything internally?