Stock Buybacks: Like Letting The Coach Bet Against The Team
August 6, 2018
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6:27Now PlayingStock Buybacks: Like Letting The Coach Bet Against The Team
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as posted by the channelIn this Majority Report clip, Annie Lowrey on stock buybacks.
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"Stock buybacks are eating the world. The once illegal practice of companies purchasing their own shares is pulling money away from employee compensation, research and development, and other corporate priorities—with potentially sweeping effects on business dynamism, income and wealth inequality, working-class economic stagnation, and the country’s growth rate. Evidence for that conclusion comes from a new report by Irene Tung of the National Employment Law Project (NELP) and Katy Milani of the Roosevelt Institute, who looked at share buybacks in the restaurant, retail, and food industries from 2015 to 2017."*
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