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JWMA fantastic comic series on how the wealthy have used <a href="https://sfba.social/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> to pilfer trillions from the working class. <a href="https://bindings.app/read/FgnoaYec" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://bindings.app/read/FgnoaYec</a>

Angela G<a href="https://mastodon.social/@JoeBeam" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@JoeBeam</a> Dear Journalists —The next time a CEO talks about labor costs, mention how much the CEO makes, how much the top 20 other corporate leaders make, and how much has been spent on stock buybacks. <a href="https://mindly.social/tags/CEO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEO</a> <a href="https://mindly.social/tags/CorporateGreed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CorporateGreed</a> <a href="https://mindly.social/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> <a href="https://mindly.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> <a href="https://mindly.social/tags/Greed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Greed</a>

Angela GThe parent company of <a href="https://mindly.social/tags/Walgreens" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Walgreens</a> spent $69M on stock buybacks in Nov 2023. As best as I can tell from this chart, <a href="https://mindly.social/tags/CVS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CVS</a> buys back about $3bil every March (<a href="https://www.tipranks.com/stocks/cvs/buybacks" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.tipranks.com/stocks/cvs/buybacks</a>)So <a href="https://mindly.social/tags/CNN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CNN</a>, when you write an article about how companies are downsizing, be sure to include <a href="https://mindly.social/tags/stockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#stockBuybacks</a>. These corporations are enriching their leadership and their stockholders because that is what <a href="https://mindly.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> says they should do. The could choose to be stewards of <a href="https://mindly.social/tags/healthcare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#healthcare</a>. They don't<a href="https://www.cnn.com/2024/10/16/business/walgreens-cvs-store-closures/index.html" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.cnn.com/2024/10/16/business/walgreens-cvs-store-closures/index.html</a>

Miguel Afonso Caetano<a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> <a href="https://tldr.nettime.org/tags/CEOs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEOs</a> <a href="https://tldr.nettime.org/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> <a href="https://tldr.nettime.org/tags/LowWages" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#LowWages</a>: "Why would CEOs prefer buybacks to dividends? Because CEOs sit on tons of shares. Even if only some of those shares have vested, a CEO who uses this ruse to increase share prices can cash those shares out, borrow against the rest, and count on a big stock grant from shareholders who are grateful for their windfall.That means that the true cost of a CEO pay package isn't the value of the shares they're awarded – it's the cost of the stock buyback that leads to that award. And this is where the numbers get truly, obscenely, huge.Take Lowe's: over the past five years, CEO Marvin Ellison spent $43 billion on stock buybacks, netting $18 million for himself in the process. Now, Lowe's has 285,000 employees, half of whom earn less than $33,000/year. Divide Ellison's $18m among those workers and each of them would net a paltry $126/year. But if you were to share out the $43 billion Ellison had to piss up against a wall on stock buybacks among those workers, you'd be able to give every worker a $30,000 bonus, every year: (...) Lowe's leads the "Low-Wage 100," IPS's index of the worst paying 100 companies out of the S&P 500. Over the past five years, the Low-Wage 100 has spent more than half a trillion dollars on stock buybacks. As with other companies, the CEOs of the Low-Wage 100 timed mass sell-offs of their shares to coincide with the buybacks:"<a href="https://pluralistic.net/2024/09/09/low-wage-100/#executive-excess" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2024/09/09/low-wage-100/#executive-excess</a>

Tuckers Nuts Resist! 🇺🇦 🥥 Mastodon Engagement Tip Number 4: To get double-digit response levels, write an impassioned reply criticizing the obscenely wealthy in a thread started by <a href="https://masto.ai/@rbreich" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@rbreich</a>. Suddenly Eye have been noticed. PS: Pleez sign up for my tumbril-building workshop, if you're into DIY. 🥥 <a href="https://mstdn.social/tags/Fediverse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fediverse</a>, <a href="https://mstdn.social/tags/Mastodon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Mastodon</a>, <a href="https://mstdn.social/tags/Engagement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Engagement</a>, <a href="https://mstdn.social/tags/Traffic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Traffic</a>, <a href="https://mstdn.social/tags/SocialMedia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SocialMedia</a>, <a href="https://mstdn.social/tags/RobertReich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RobertReich</a>, <a href="https://mstdn.social/tags/Reagan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Reagan</a>, <a href="https://mstdn.social/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a>, <a href="https://mstdn.social/tags/MarketManipulation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarketManipulation</a>, <a href="https://mstdn.social/tags/TuckersBalls" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TuckersBalls</a>

Ferdi Magellan<a href="https://aus.social/tags/StockBuyBacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuyBacks</a> <a href="https://aus.social/tags/InsiderTrading" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InsiderTrading</a> <a href="https://aus.social/tags/CorporateTheft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CorporateTheft</a> <a href="https://aus.social/tags/GenerationalTheft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GenerationalTheft</a> “Every dollar spent lining the pockets of CEOs and investors is a dollar less to upgrade equipment and protect workers and the public.“Boeing failed to follow through with a promised $7 billion safety redesign of its 737 aircraft while it was spending roughly that much each year on stock buybacks.“Norfolk Southern Railroad paid investors $18 billion in buybacks and dividends over the five years before its equipment malfunctioned in the disastrous derailment in East Palestine, Ohio, which released over 300,000 gallons of toxic and flammable chemicals into the air and soil…” <a href="https://aus.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://aus.social/tags/SEC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SEC</a> From: <a href="https://masto.ai/@rbreich" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@rbreich</a> <a href="https://masto.ai/@rbreich/112393118603237080" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://masto.ai/@rbreich/112393118603237080</a>

Steve Dustcircle 🌹<a href="https://masto.ai/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> Are <a href="https://masto.ai/tags/Lethal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Lethal</a>, Literally<a href="https://robertreich.substack.com/p/stock-buybacks-are-lethal-literally" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://robertreich.substack.com/p/stock-buybacks-are-lethal-literally</a>

KilleansRow 🇺🇲 🇺🇦🍀Let's Be Blunt: Ninety Percent of American <a href="https://mastodon.online/tags/CEO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEO</a>'s making rapacious salaries have <a href="https://mastodon.online/tags/Zero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Zero</a> skills for globally competitive marketplaces. In the absence of <a href="https://mastodon.online/tags/Mergers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Mergers</a>, <a href="https://mastodon.online/tags/Monopolization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monopolization</a>, <a href="https://mastodon.online/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> and finally <a href="https://mastodon.online/tags/PrivateEquity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PrivateEquity</a> they are frauds and chumps living in their parents basements

Kevin Karhan :verified:<a href="https://social.treehouse.systems/@ariadne" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@ariadne</a> also thez could've just stopped eating <a href="https://infosec.space/tags/AvocadoToast" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AvocadoToast</a> all day aka. do <a href="https://infosec.space/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> and dish out ridiculous <a href="https://infosec.space/tags/ExecutiveBonuses" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ExecutiveBonuses</a>...

Doug GrinbergsJalopnik: John Oliver Explains How All Of Boeing's Problems Can Be Traced Back To Stock Buybacks And Incompetent Leadership Once a paragon of quality, Boeing's focus on its stock price has caused hundreds to die. <a href="https://jalopnik.com/john-oliver-explains-how-all-of-boeings-problems-can-be-1851315604" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://jalopnik.com/john-oliver-explains-how-all-of-boeings-problems-can-be-1851315604</a> <a href="https://youtube.com/watch?v=Q8oCilY4szc" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://youtube.com/watch?v=Q8oCilY4szc</a> <a href="https://mstdn.social/tags/Boeing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Boeing</a> <a href="https://mstdn.social/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> <a href="https://mstdn.social/tags/JohnOliver" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JohnOliver</a>

VoronProbably time to <a href="https://mstdn.party/tags/tax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tax</a> the hell out of the rich. Increase <a href="https://mstdn.party/tags/capitalgains" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#capitalgains</a> put a tax on <a href="https://mstdn.party/tags/stockbuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#stockbuybacks</a> make a <a href="https://mstdn.party/tags/weathtax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#weathtax</a> real etc 👇 “The economy is cooling but the US is a frog in hot waterGovernment debt held by the public grows from 99 percent of GDP this year to 116 percent in 2034, more than twice its 50-year average...” <a href="https://mstdn.party/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mstdn.party/tags/gdp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#gdp</a> <a href="https://mstdn.party/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a><a href="https://thehill.com/opinion/finance/4472654-the-economy-is-cooling-but-the-us-is-a-frog-in-hot-water/?utm_source=press.coop" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://thehill.com/opinion/finance/4472654-the-economy-is-cooling-but-the-us-is-a-frog-in-hot-water/?utm_source=press.coop</a>

Cory Doctorow<a href="https://mamot.fr/tags/5yrsago" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#5yrsago</a> Bernie Sanders introduces the Stop Walmart Act: no <a href="https://mamot.fr/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> without a $15 minimum wage <a href="https://www.cnn.com/2018/11/15/business/bernie-sanders-walmart-minimum-wage/index.html" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.cnn.com/2018/11/15/business/bernie-sanders-walmart-minimum-wage/index.html</a><a href="https://mamot.fr/tags/1yrago" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#1yrago</a> Private equity health-care monopolies are on a profitable killing spree <a href="https://pluralistic.net/2022/11/17/the-doctor-will-fleece-you-now/#pe-in-full-effect" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2022/11/17/the-doctor-will-fleece-you-now/#pe-in-full-effect</a>8/

Cory Doctorow<a href="https://mamot.fr/tags/5yrsago" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#5yrsago</a> Wells Fargo cuts 26,500 jobs, shutters branches, declares “excess capital” and drops $40.6 billion on <a href="https://mamot.fr/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> <a href="https://rooseveltinstitute.org/2018/11/07/what-wells-fargos-40-6-billion-in-stock-buybacks-could-have-meant-for-its-employees-and-customers/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://rooseveltinstitute.org/2018/11/07/what-wells-fargos-40-6-billion-in-stock-buybacks-could-have-meant-for-its-employees-and-customers/</a><a href="https://mamot.fr/tags/5yrsago" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#5yrsago</a> 90% of Canadians want to kill future Saudi arms deals <a href="https://angusreid.org/saudi-arabia-canada-khashoggi/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://angusreid.org/saudi-arabia-canada-khashoggi/</a><a href="https://mamot.fr/tags/1yrago" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#1yrago</a> Tech a la carte <a href="https://pluralistic.net/2022/11/08/divisibility/#technognosticism" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2022/11/08/divisibility/#technognosticism</a>7/

Cory DoctorowHow <a href="https://mamot.fr/tags/TechWorkers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TechWorkers</a> went from dreaming of starting revolutions, to dreaming of fake <a href="https://mamot.fr/tags/startups" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#startups</a>, to dreaming of a job for life, to fearing layoffs to make way for <a href="https://mamot.fr/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a>. <a href="https://doctorow.medium.com/the-proletarianization-of-tech-workers-ad0a6b09f7e6?sk=6dc50e8e1afc9bbd523a2fee4959e5c0" rel="nofollow noopener noreferrer" target="_blank">https://doctorow.medium.com/the-proletarianization-of-tech-workers-ad0a6b09f7e6?sk=6dc50e8e1afc9bbd523a2fee4959e5c0</a><a href="https://mamot.fr/tags/Precarity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Precarity</a> <a href="https://mamot.fr/tags/Financialization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Financialization</a> <a href="https://mamot.fr/tags/EndStageCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EndStageCapitalism</a>

Steve Dustcircle 🌹The 100 Largest <a href="https://masto.ai/tags/LowWage" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#LowWage</a> <a href="https://masto.ai/tags/Employers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Employers</a> Have Spent $341 Billion on <a href="https://masto.ai/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> Since 2020 <a href="https://inequality.org/great-divide/ceo-pay-stock-buybacks/" rel="nofollow noopener noreferrer" target="_blank">https://inequality.org/great-divide/ceo-pay-stock-buybacks/</a>

Bruce MirkenLow-wage <a href="https://mas.to/tags/corporations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#corporations</a> spent $341 billion on <a href="https://mas.to/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> <a href="https://www.commondreams.org/news/corporate-stock-buybacks" rel="nofollow noopener noreferrer" target="_blank">https://www.commondreams.org/news/corporate-stock-buybacks</a>

William Canna-bass<a href="https://oliphant.social/@AnarchoNinaWrites" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@AnarchoNinaWrites</a> <a href="https://kolektiva.social/tags/StockBuyBacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuyBacks</a> are a classic example of <a href="https://kolektiva.social/tags/UselessEaters" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UselessEaters</a> <a href="https://kolektiva.social/tags/EatTheRich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EatTheRich</a>

Cory DoctorowIt's true that late-stage capitalism *looooves* long, brittle supply chains. In their drive to realize "efficiencies," multinational corporations squeezed every drop of slack out of the system, eliminating buffer stocks, cutting staffing to the bone, and pissing away cash reserves in <a href="https://mamot.fr/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a>.17/

Miro CollasHow CEOs Manipulate the Stock Market - YouTube <a href="https://www.youtube.com/watch?v=WtITm6UeUqE" rel="nofollow noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=WtITm6UeUqE</a>Good explainer, recommended<a href="https://masto.ai/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> <a href="https://masto.ai/tags/StockBuyBacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuyBacks</a> <a href="https://masto.ai/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Neoliberalism</a>

Jason Yip<a href="https://mastodon.online/tags/BedBathAndBeyond" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BedBathAndBeyond</a>: How <a href="https://mastodon.online/tags/StockBuybacks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockBuybacks</a> undermined the company <a href="https://finance.yahoo.com/news/bed-bath-beyond-how-stock-buybacks-undermined-the-company-154202427.html" rel="nofollow noopener noreferrer" target="_blank">https://finance.yahoo.com/news/bed-bath-beyond-how-stock-buybacks-undermined-the-company-154202427.html</a>

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