Brian DeRocherApr 21, 2023
Robert Reich

As P&G jacks up prices to pad its profit margins at your expense, the company is simultaneously spending $8 BILLION on stock buybacks.

How many more examples of blatant greed do we need to hear about before we finally address the corporate price gouging that's driving inflation?
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RT @nytimes
Procter & Gamble raised prices 10% across its brands, like Gillette razors, Dawn dish soap and Swiffer dusters, for a second straight quarter and …
https://twitter.com/nytimes/status/1649457985427570711

The New York Times on Twitter

“Procter & Gamble raised prices 10% across its brands, like Gillette razors, Dawn dish soap and Swiffer dusters, for a second straight quarter and said its profit margin had widened. https://t.co/sB8dPWpucj”

Twitter
Apr 21, 2023 at 10:58pmWeb
Show threaddoctorjavierApr 21, 2023
@rbreich after hearing about stock buy-backs in last week’s course lecture, it makes sense why they are all doing this!!! Thx for the information.
Show threadshanenApr 21, 2023

@rbreich

I still want to know the effect of stock buybacks on market cap. If the price increases at least enough to offset the reduction in total shares, then the company creates additional fake value for itself. Double the scam?

Show threadVHaschApr 22, 2023

@rbreich

May I recommend Method dish soap. Works just as well as Dawn, has a nicer dispenser, and smells a heck of a lot better.

https://www.target.com/p/method-dish-soap-lime-sea-salt-18-fl-oz/-/A-15267991?ref=tgt_adv_xsp&AFID=google&fndsrc=tmnv&DFA=71700000106826080&CPNG=PLA_DVM%2Ba064R000011e6IzQAI-SCJ_method_Search_2023_Feb-873750&adgroup=PLA_SCJ_method&LID=700000001393753pgs&network=g&device=m&location=9029990&gclid=CjwKCAjw6IiiBhAOEiwALNqncbpqdIRmI2qT7Hh6UjupkzTHXLAPHwqIMY5sUfR8xZH7daYK57F_rhoC_7oQAvD_BwE&gclsrc=aw.ds

Method Dish Soap Lime & Sea Salt 18 fl oz

Read reviews and buy Method Dish Soap Lime & Sea Salt 18 fl oz at Target. Choose from contactless Same Day Delivery, Drive Up and more.

Show threadmindstorm8191Apr 22, 2023
@rbreich At this point, the stock market is a parasite. Companies in it are beholden to shareholders, and must do anything & everything they can - legal or not - to increase profits. They can't squeeze any more money out of their processes, source materials or labor force. So instead they grab more of the total market (through company mergers) and jack up prices. It all needs to stop.
Show threadthe_blackwell_ninja [EST]Apr 22, 2023
@rbreich Outlaw stock buybacks like they used to be before Reagan screwed us!!
Show threadOriginalLucyApr 22, 2023
@rbreich ah yes, corporate greedies at it again. What if we stopped buying these things?
Show threadLeroy Sibole *Apr 22, 2023
@rbreich Abandoning market share for short term gain doesn't seem to be wise corporate management.
Show threadMikiApr 23, 2023

@rbreich

I do remember the aggressive woke but not woke scouts honor I swear on my pinky baclash against Gillette for being anti male.

https://www.theguardian.com/world/2019/jan/15/gillette-metoo-ad-on-toxic-masculinity-cuts-deep-with-mens-rights-activists

Gillette #MeToo razors ad on 'toxic masculinity' gets praise – and abuse

Backlash includes call for boycott of P&G, complaining commercial ‘emasculates men’

The Guardian