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CEOs are already pocketing windfalls and the tax bill hasn't even passed yet

Posted on 12/18/17 at 7:25 pm
Posted by beastieboys
South Jordan, UT
Member since Jan 2008
2188 posts
Posted on 12/18/17 at 7:25 pm
No one saw this coming...

quote:

Since the Senate passed its version of the tax bill on December 2, 29 companies have announced $70.2 billion in stock buybacks, a maneuver that uses company cash to buy its own shares, which then drives up the price of those shares, rewarding major investors and executives whose compensation is directly tied to the company’s stock price.




The Intercept
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 12/18/17 at 7:26 pm to
You mean people are trying to maneuver around laws to maximize their income?!

NO WAY!!!
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73444 posts
Posted on 12/18/17 at 7:27 pm to
fricking idiot.
Posted by Loserman
Member since Sep 2007
21889 posts
Posted on 12/18/17 at 7:27 pm to
quote:

Since the Senate passed its version of the tax bill on December 2, 29 companies have announced $70.2 billion in stock buybacks, a maneuver that uses company cash to buy its own shares, which then drives up the price of those shares, rewarding major investors and executives whose compensation is directly tied to the company’s stock price.


And everyone who has a 401k benefits too.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 12/18/17 at 7:27 pm to
Who are they buying the shares from?
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18212 posts
Posted on 12/18/17 at 7:28 pm to
quote:

rewarding major investors and executives whose compensation is directly tied to the company’s stock price.


That's the only people it rewards huh? Get out of here with this shite.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36041 posts
Posted on 12/18/17 at 7:28 pm to
And guess what?

The higher the compensation the more taxes the Feds collect.

Winning all around.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 12/18/17 at 7:28 pm to
OP just took a public IQ test

It didn't go well
Posted by bamarep
Member since Nov 2013
51806 posts
Posted on 12/18/17 at 7:28 pm to
Show me where they broke the law.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/18/17 at 7:29 pm to
Awesome.
Posted by BeeFense5
Kenner
Member since Jul 2010
41292 posts
Posted on 12/18/17 at 7:30 pm to
Am I supposed to care or be mad about this?

Sounds like something a pussy femme would even give a second thought about
Posted by Dock Holiday
Member since Sep 2015
1637 posts
Posted on 12/18/17 at 7:30 pm to
And how is this illegal or even bad in some way?
Posted by chadau79
Daphne, AL
Member since Sep 2009
3413 posts
Posted on 12/18/17 at 7:31 pm to
I own stock in 3 of the company’s listed. Helps me financially as well!
Posted by Skeezer
Member since Apr 2017
2296 posts
Posted on 12/18/17 at 7:32 pm to
As a shareholder I approve.
Posted by OceanMan
Member since Mar 2010
20020 posts
Posted on 12/18/17 at 7:33 pm to
Or they are loading treasury shares anticipating stock prices to continue to increase. Or perhaps they anticipate increasing dividends and would rather not pay on all the stock currently outstanding. Both of those are more feasible than trying to manipulate a stock price. I'd also like to see where the CEOs, rather than the board, are driving these decisions.

Besides, the top 4 companies make up more than half of the overall figure.i don't see this as that significant.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63015 posts
Posted on 12/18/17 at 7:34 pm to
Stock buyback? What is that? They must have invented that term for this new action that never happened until this bill that hasn't passed and won't pass in the same form as the senate version caused them to make these decisions.
Posted by culsutiger
Member since Apr 2012
652 posts
Posted on 12/18/17 at 7:35 pm to
quote:

And how is this illegal or even bad in some way?


It's not. They're super common, and have been for a few decades. OP is just posting an article designed to prey on the typical person's ignorance of the topic.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 12/18/17 at 7:35 pm to
why does this matter in your view, op?
Posted by WizardSleeve
Louisiana
Member since Sep 2011
1801 posts
Posted on 12/18/17 at 7:38 pm to
quote:

beastieboys


Why do you care if someone else makes a bunch of money via investment or work? You sure sound like a loser. Go earn something and quit complaining about the successes of others. It isn’t at your expense.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/18/17 at 7:38 pm to
What connection is there between the tax bill and the announced share buy backs?
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