Author Topic: Schumer and Bernie At It Again  (Read 472 times)

Offline supsalemgr

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Schumer and Bernie At It Again
« on: February 04, 2019, 07:45:23 AM »
https://www.foxbusiness.com/politics/senators-seek-to-reign-in-corporate-share-buybacks

These two leftist loons are meddling in private business again. Stock buy backs are a business decision designed to enhance shareholder value. Below is an excerpt from the piece:

“Americans should be outraged that these profitable corporations are laying off workers while spending billions of dollars to boost their stock’s value to further enrich the wealthy few,” the senators wrote.

A corporation is not a benevolent entity. It is a "for profit" entity.

Another fact about these buy backs is the funds for the buy backs do not go into a black hole. They are either spent or reinvested by the sellers.

"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: Schumer and Bernie At It Again
« Reply #1 on: February 04, 2019, 08:08:32 AM »
God I hate these Marxist freaks! Sometimes stock buy back is another way of wrestling back control over a company being driven into the ground.
#WWG1WGA

 

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