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Started By
Message
CEOs are already pocketing windfalls and the tax bill hasn't even passed yet
Posted on 12/18/17 at 7:25 pm
Posted on 12/18/17 at 7:25 pm
No one saw this coming...
The Intercept
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 on 12/18/17 at 7:26 pm to beastieboys
You mean people are trying to maneuver around laws to maximize their income?!
NO WAY!!!
NO WAY!!!
Posted on 12/18/17 at 7:27 pm to beastieboys
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 on 12/18/17 at 7:27 pm to beastieboys
Who are they buying the shares from?
Posted on 12/18/17 at 7:28 pm to beastieboys
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 on 12/18/17 at 7:28 pm to beastieboys
And guess what?
The higher the compensation the more taxes the Feds collect.
Winning all around.
The higher the compensation the more taxes the Feds collect.
Winning all around.
Posted on 12/18/17 at 7:28 pm to beastieboys
OP just took a public IQ test
It didn't go well
It didn't go well
Posted on 12/18/17 at 7:28 pm to beastieboys
Show me where they broke the law.
Posted on 12/18/17 at 7:30 pm to beastieboys
Am I supposed to care or be mad about this?
Sounds like something a pussy femme would even give a second thought about
Sounds like something a pussy femme would even give a second thought about
Posted on 12/18/17 at 7:30 pm to beastieboys
And how is this illegal or even bad in some way?
Posted on 12/18/17 at 7:31 pm to beastieboys
I own stock in 3 of the company’s listed. Helps me financially as well!
Posted on 12/18/17 at 7:32 pm to upgrayedd
As a shareholder I approve.
Posted on 12/18/17 at 7:33 pm to beastieboys
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.
Besides, the top 4 companies make up more than half of the overall figure.i don't see this as that significant.
Posted on 12/18/17 at 7:34 pm to beastieboys
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 on 12/18/17 at 7:35 pm to Dock Holiday
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 on 12/18/17 at 7:35 pm to beastieboys
why does this matter in your view, op?
Posted on 12/18/17 at 7:38 pm to beastieboys
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 on 12/18/17 at 7:38 pm to beastieboys
What connection is there between the tax bill and the announced share buy backs?
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