Robert ReichCorporations spent ~$800 BILLION on stock buybacks last year.
Why? Follow the money.
Stock-based pay made up 70% of executive compensation last year.
Stock buybacks are a scam to make the richest even richer.
It’s no wonder they used to be banned.
Big Head Tales@rbreich
Stock buybacks only really benefit company executives and billionaire investors while hurting employees and the companies.
They should be made illegal again,