Sessions Avoids AT&T Talk, G.O.P. Merges Taxes and Health Insurance: DealBook Briefing
Sessions: "I’m not able to comment" https://t.co/RzYTra4RFT
Remember that a White House spokesman previously told the NYT, “The President did not speak with the Attorney General about this matter,
and no White House official was authorized to speak with the Department of Justice on this matter.”
— Michael J. de la Merced
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Today’s DealBook briefing was written by Andrew Ross Sorkin in New York, and Michael J. de la Merced and Amie Tsang in London.
Tech companies’ angst comes from a provision in the Senate tax plan
that would tax stock options and restricted stock units, which make up a big part of their employees’ compensation, at vesting, rather than when they’re exercised.
Just look at G. E.’s stock performance yesterday, after the company unveiled its big turnaround plan and dividend cut:
Here’s what Janna Sampson of OakBrook Investments told the WSJ:
“If that is all you were going to say, why did we have to wait from July until November?”
G. E.’s chief executive, John Flannery, said that he wasn’t surprised by the price move.