To Curb Corporate Abuse of Stock Buyback 'Bamboozle,' Baldwin Bill Would Bolster Worker Power

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Good idea but unfortunately it's from a Democrat so it won't go anywhere...

To Curb Corporate Abuse of Stock Buyback 'Bamboozle,' Baldwin Bill Would Bolster Worker Power

"It's just wrong for big corporations to pocket massive, permanent tax breaks and reward the wealth of top executives with more stock buybacks, while closing facilities and laying off workers."

by Jon Queally, staff writer

https://www.commondreams.org/news/2018/03/22/curb-corporate-abuse-stock-...

....Since the GOP tax bill passed, Baldwin said in a statement announcing the bill, "corporations have announced more than $225 billion in stock buybacks, overwhelmingly benefiting corporate executives and wealthy shareholders, and leaving the middle class behind. Corporate boards—often at the urging of activist investors—now spend an inordinate amount of their profits buying back their own stock and issuing dividends, leaving minimal resources for long-term investments in workers, training and innovation....

I had no idea stock buybacks used to be illegal.

Companies used to sink profits into R & D to create new products. Not anymore there just enriching the executives through stock buybacks.

sick.

 

say this thread title 5 times as fast as you can 

thisthreadtitlethisthreadtitlethisthreadtitlethisthreadtitlethisthreadtitle

A wise guy, eh?

speak up