Los Angeles Times
The bank originally implied a direct link between pay raises and the tax legislation in a news release shortly after Congress passed the tax overhaul, but later denied a connection. On Thursday, however, Wells Fargo spokesman Peter Gilchrist backtracked. Public Policy Analyst Ed Mills suggests the announcements (from companies like AT&T Inc., Boeing Co., Comcast Corp., Fifth Third Bank) indicates a coordinated public relations move designed to curry favor with Trump and congressional Republicans.