Robert Reich on Nostr: The 100 lowest-paying major US corporations spent $522B on stock buybacks from 2019 ...
The 100 lowest-paying major US corporations spent $522B on stock buybacks from 2019 to 2023.
Buybacks artificially boost share prices and inflate CEO pay.
The typical worker at these companies earned just $34k last year.
Meanwhile, the average CEO was paid $14.7M.
Hello?
Published at
2024-09-07 23:06:02Event JSON
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"content": "The 100 lowest-paying major US corporations spent $522B on stock buybacks from 2019 to 2023.\n\nBuybacks artificially boost share prices and inflate CEO pay.\n\nThe typical worker at these companies earned just $34k last year.\n\nMeanwhile, the average CEO was paid $14.7M.\n\nHello?",
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