Isn’t it nice for some?

It’s been just over a month since Disney made a revolutionary deal with 20th Century Fox to acquire the majority of its assets for $52.4 billion, and now Disney CEO Bob Iger is offering 125,000 employees a one-time cash bonus of $1000. Iger is also pledging millions of dollars to an education initiative.

The $1000 bonuses will be paid out to all full- and part-time non-executive employees and to eligible, you have to have been working there for at least three weeks and hired no later than January 1st.

President Trump has signed into law a lower tax rate for corporations, which has already been taken advantage of by companies like AT&T and Comcast, and seems to have also had an influence on these bonuses. A letter from Iger to employees obtained by the The Hollywood Reporter, reads "Dear fellow employee, as a result of the recently enacted tax reform, I am pleased to announce two new initiatives for our U.S.-based employees."

Disney is additionally investing $50 million in a program aimed at covering college tuition for roughly 88,000 hourly employees. After that, Disney will keep the initiative going with up to $25 million annually.

“I am proud we are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program,” Iger said in a statement. “I have always believed that education is the key to opportunity; it opens doors and creates new possibilities. Matched with the $1,000 cash bonus, these initiatives will have both an immediate and long-term positive impact.”

 



Via THR