Tag Archives: Boasting

SpaceX officials have privately boasted to investors that a tax benefit signed into law by President Donald Trump means it may never have to pay federal income taxes, The New York Times reports. Trump signed the Tax Cuts and Jobs Act in 2017, allowing corporations to roll over their heavy losses, known as a carryback, indefinitely to skirt paying some …

Pink Slip Pride Workforce reductions are no longer an admission that companies are struggling; instead, CEOs are using them to boast about their investments in AI. As the Wall Street Journal reports, CEOs are now bragging about shrinking their companies’ staff, highlighting a cooling job market and an unwavering commitment to automation at all costs. Verizon CEO Hans Vestberg told investors …