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Capital Southwest Corporation stock price
Capital Southwest Corporation latest news:
Southwest to give all employees a $1,000 bonus, citing tax overhaul
Southwest Airlines Co. said late Tuesday its board of directors agreed to pay a $1,000 bonus to all full-time and part-time employees "to celebrate the recent passage of the tax reform legislation." The employees will get the bonus on Jan. 8. "We are excited about the savings and additional capital, which we intend to put to work in several forms--to reward our hard-working employees, to reinvest in our business, to reward our shareholders, and to keep our costs and fares low for our customers," Southwest Chief Executive Gary Kelly said in a statement. Shares of Southwest rose 0.2% in late Tuesday trading after ending the regular trading session up 1.3%. Netflix Inc. said last week it plans on giving its executives a raise, citing the tax overhaul, and several banks, including Bank of America Corp. and Wells Fargo & Co. , and other companies, such as Comcast Corp. , have announced similar plans.
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