@mad@freiburg.social cover

Jahrgang 70, verheiratet, ein Teenager (human, posting only personal opinions)

Vielseitige Interessen, u.a. #bücher (#politik, #wirtschaft, #geschichte etc.) #neuhier, #nachhaltigkeit, #gerechtigkeit, #demokratie, #rechtstaat, #minimalismus, #datenschutz, #freiburg, #merzhausen, #fermentieren, #scoby

Lieblings- #Whisky nach Region in #Schottland:

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rbreich , to Random
@rbreich@masto.ai avatar

Prior to 1982, the SEC considered stock buybacks to be illegal stock manipulation. But under President Reagan, stock buybacks were made legal. Now, instead of investing profits into people, big corporations use them to line the pockets of wealthy shareholders. They're a scam.

mad ,
@mad@freiburg.social avatar
rbreich , to Random
@rbreich@masto.ai avatar

John Deere has laid off roughly 1000 workers so far this year.

But the company reported a profit of over $10 billion in 2023.

Its CEO received $26.7 million in total compensation.

And it spent over $7 billion on stock buybacks.

Textbook corporate greed.

mad ,
@mad@freiburg.social avatar

@rbreich

Fair pay for the CEOs performance, isn’t it?

(End of irony)

rbreich , to Random
@rbreich@masto.ai avatar

Expect Trump's response to his criminal trial to be the same as his response to the election — declaring victory even if he loses.

mad ,
@mad@freiburg.social avatar

@rbreich

… and there were far more spectators than at Biden’s conviction

(End of irony)

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