id596859888
Last year, S&P 500 companies set records for stock buybacks, spending over 565 billion the top firms spent on dividends, which are profit-sharing payments made to shareholders.
✏️ Need to read more, but basically these tactics are profit without prosperity.
Link to original
They feed back money into the elite shareholders, boosting short-term value of company, and reducing their long term prospects towards investments or giving anything to workers.
🔗 View Highlight