Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages. (The New York Times, 2/26/2018)
Companies have announced plans for some of those investments. But so far, companies are using much of the money for something with a more narrow benefit: buying their own shares.
Those so-called buybacks are good for shareholders, including the senior executives who tend to be big owners of their companies’ stock. A company purchasing its own shares is a time-tested way to bolster its stock price.
Apparently, it's morning in America again.
Related posts:
Paul Ryan celebrates secretary's 3.75 cents an hour raise. (2/4/2018)
Blowhard-in-charge UPDATE. Get ready for some major BS in tonight's State of the Union address (The Bank of America $1000 bonus edition). (1/30/2018)
Blowhard-in-charge UPDATE. Get ready for some major BS in tonight's State of the Union address (The AT&T $1000 bonus edition). (1/30/2018)
Blowhard-in-charge UPDATE. Get ready for some major BS in tonight's State of the Union address (The Sinclair Broadcasting $1000 bonus edition). (1/30/2018)
Blowhard-in-charge UPDATE. Get ready for some major BS in tonight's State of the Union address (The American Family Insurance bonus edition). (1/30/2018)
GET ME REWRITE. As you may know, several companies who pay their top executives millions of dollars have made ongoing cuts to their work force since before passage of Tax Cuts for the Rich Act. Knowing this, do you feel more or less favorable towards Republicans in Congress, who most likely received campaign contributions from these bottom-line fat cats? (1/20/2018)
Newspaper editorial calls out Glenn Grothman for his (a) mispresentation or (b) lie. (1/11.2018)
Juxtaposed headlines tell doubly troubling story. (12/29/2017)
Donald Trump on Tax Cuts and Jobs Act: "You just tell them and they believe you". (12/27/2017)
UPDATE: Orrin Hatch grateful for the "great Christmas honor" of being called out for his "utter lack of integrity". (12/26/2017)
Presdient Trump: Only in it for the money. (12/8/2017)
Plutocracy gone wild at SwampFest: GOP expects Tax Cuts and Jobs Act will seal the deal for midterm elections. (12/2/2017)
It's called hypocrisy, h-y-p-o-c-r-i-s-y. (12/1/2017)
Please tell me again how thte cynically named Tax Cuts and Jobs Act helps the middle class. (11/30/2017)
Racial and ethnic makeup of the 115th Congress. (11/30/2017)
Plutocracy in action: Donald Trump's America First tax cuts line the pockets of foreign investors with $520,000,000,000. (11/30/2017)
Donald Trump's pants on fire. (9/29/2017)
No comments:
Post a Comment