This is not intended to stoke political arguments but simply stated that CDK Global benefited greatly to the tune of 18.5 million dollars in savings directly attributable to the tax reform per the FY18 financial documents.
Where did this money go since obviously none of the associates benefited in any way. Not only did associates not benefit, but they saw bonus and merit increases reduced substantially over prior years. In this good economic environment, is CDK having such bad financial results that they can't fairly compensate employees? Not only can they not compensate employees but in fact ended up laying off a significant percentage of workers.
Who benefited from the tax savings...shareholders, activist investors, customers, management, ELT, CEO Brian MacDonald...because it certainly was not the employees.