Wells Fargo (WFC) to Raise Minimum Wage to $15/Hr, Targets $400M in 2018 Philanthropic Contributions
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Wells Fargo to Raise Minimum Hourly Pay Rate to $15, Target $400 Million in 2018 Philanthropic Contributions, Including Expanded Support for Small Businesses and Homeownership
December 20, 2017 4:33 PM ESTCompany announces initial actions to support economic growth with tax reform
SAN FRANCISCO--(BUSINESS WIRE)-- 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... More
