Robert ReichApr 24, 2023

RT @SamAugustDean
Bed Bath & Beyond blew one billion dollars on stock buybacks, a direct cash transfer to shareholders, in 2021.

Now it's bankrupt, in no small part because of that $1B hole, and....no severance for workers who've been there for 20 years.

https://www.cnbc.com/2023/04/23/bed-bath-beyond-files-for-bankruptcy-protection.html

Bed Bath & Beyond files for bankruptcy protection

Bed Bath & Beyond has filed for bankruptcy after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour.

CNBC
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@rbreich how much did the CEO make in the last two years?
Apr 25, 2023 at 2:57amWeb