rbreich ,
@rbreich@masto.ai avatar

Stock buybacks don't just line the pockets of CEOs and shareholders — they're dangerous.

Boeing failed to implement a $7B redesign of its 737 Max while spending that much per year on buybacks.

A dollar spent on buybacks is a dollar less spent to upgrade equipment and safety.

ViperDrake ,
@ViperDrake@techhub.social avatar

@rbreich look at what's going on with their starliner...

huntingdon ,
@huntingdon@mstdn.social avatar

@rbreich

Milton Friedman's lie that "shareholders are the only stakeholders" - a view untethered to law, economics, or reality - has destroyed countless lives around the world. It's a foundation of today's gross inequality.

Friedman has a lot to answer for, as do his patrons. If he's lucky, his long days in hell, described by Toby as "damnation without relief," will be hearing the names of all those people, over and over again, even as the list grows longer every day..

avlcharlie ,
@avlcharlie@mastodon.social avatar

@rbreich
How is a company buying its own stock not manipulation?

Aside from not investing it in your company or your employees it would seem meddling with supply and demand of the stocks really shouldn't be a thing..

GGMcBG ,
@GGMcBG@mstdn.plus avatar

@rbreich

How many times have the people we expect to do this work for us had a chance to close that Reagan-era crime back up and didn't?

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • All magazines