@JoeBeam
Dear Journalists —
The next time a CEO talks about labor costs, mention how much the CEO makes, how much the top 20 other corporate leaders make, and how much has been spent on stock buybacks.
@JoeBeam
Dear Journalists —
The next time a CEO talks about labor costs, mention how much the CEO makes, how much the top 20 other corporate leaders make, and how much has been spent on stock buybacks.
The parent company of #Walgreens spent $69M on stock buybacks in Nov 2023.
As best as I can tell from this chart, #CVS buys back about $3bil every March (https://www.tipranks.com/stocks/cvs/buybacks)
So #CNN, when you write an article about how companies are downsizing, be sure to include #stockBuybacks.
These corporations are enriching their leadership and their stockholders because that is what #Capitalism says they should do. The could choose to be stewards of #healthcare. They don't
https://www.cnn.com/2024/10/16/business/walgreens-cvs-store-closures/index.html