Robert ReichSep 17, 2024

Microsoft laid off hundreds of workers last week.

In total, it has laid off over 2500 employees so far this year.

Its CEO was paid $48.5M in 2023 — 250x the company's typical worker.

Yesterday, the company announced a $60B stock buyback program.

Textbook corporate greed.

Show threadSusan SaSep 17, 2024
@rbreich Is it true that stock buybacks used to not be legal?
Show threadgizmomathboy, FCSep 17, 2024
@snoozinsa @rbreich https://www.msn.com/en-us/money/markets/theres-a-reason-why-stock-buybacks-used-to-be-illegal/ar-BB1jnuzk
MSN

Show threadSusan Sa
@gizmomathboy Thank you! I know I could've searched it, but wanted to toss that into the conversation.
Sep 17, 2024 at 8:56pmWeb