Friday, February 16, 2018

Marriott employees will get $140 million after corporate tax breaks

Marriott International Inc. plans to put some of the cash it is saving on corporate taxes into employee retirement accounts, the company said Thursday. In all, Marriott will invest an additional $140 million in retirement savings and other programs for employees in 2018, according to CFO Leeny Oberg.  Half of that $140 million will come from Marriott’s own cash, while the other half will come from the proceeds of Marriott’s sale of Avendra, the procurement platform it sold to Aramark Corp.…



from https://www.bizjournals.com/baltimore/news/2018/02/16/marriott-to-invest-140-million-in-employees-after.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/170941119192

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