A general strike to make stock buybacks illegal again. A corporation can increase the dividend, invest in the company, pay workers more - but no more stock manipulation.
A general strike to make stock buybacks illegal again. A corporation can increase the dividend, invest in the company, pay workers more - but no more stock manipulation.
It's not "manipulation" any more than issuing new shares is, and banning buybacks mean that a company permanently loses equity when they issue shares which would be dumb. They also don't always have much of an effect on stock price - sometimes the effect is negative, because the company spent money on stock instead of investing it. Just another one of those knee jerk things people attack which will have zero benefit to workers.
A general strike to make stock buybacks illegal again. A corporation can increase the dividend, invest in the company, pay workers more - but no more stock manipulation.
It's not "manipulation" any more than issuing new shares is, and banning buybacks mean that a company permanently loses equity when they issue shares which would be dumb. They also don't always have much of an effect on stock price - sometimes the effect is negative, because the company spent money on stock instead of investing it. Just another one of those knee jerk things people attack which will have zero benefit to workers.
Robert Reich is smarter than I am and here he isтАж https://youtu.be/5RiRUJuvEgI?feature=shared
LOVE this idea!