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Business

Apple"s CEO Tim Cook -- Serf Labor, Overpriced IPhones, and Wasted Burning Profits
Business  (tags: Ralph Nader, Apple. CEO's, deregulation, stock buybacks, US business )

Judy
- 345 days ago - commondreams.org
Ralph Nader says, "The federal cops on the corporate antitrust beat have been asleep for years -- a somnolence well recognized by Apple, Facebook, Amazon and Google".
Stock Buybacks Helping Only the Wealthy
Business  (tags: stock buybacks, economy, wealthy, shareholders, stakeholders, business )

Sheryl
- 348 days ago - theatlantic.com
A new report finds that big companies could have given their workers thousands of dollarsâEUR(TM) worth of raises with the money they spent on their own shares.
Welcome to the Buyback Economy
Business  (tags: corporations, debt, financial bubble, recession, stocks and bonds, stock buybacks, short term profits )

Judy
- 405 days ago - washingtonpost.com
Remember the housing bubble that tanked the economy and led to the banking bailout? Aided by the Tax Bill corporate windfall, an even more treacherous bubble is inflating. Financial engineering is again turning equity into debt. making the rich richer...
We Stopped Pfizer's Tax Dodge, Now Let's End the Buybacks
Business  (tags: business, innovation & inequality, stock buybacks, corporate taxes, CEO pay, Pfizer )

Judy
- 1196 days ago - ineteconomics.org
This mode of distributing corporate cash to shareholders helps pump up the pay of Pfizer's senior executives, while, as President Obama said of the tax inversion, "it sticks the rest of us with the tab."
Stock Buybacks and the Wall Street Shark Tank: "A Whole Lot of Stealin' Goin' On"
Business  (tags: corporations, swindle, stock buybacks, investments, bonds, pensions, Federal Reserve )

Judy
- 1271 days ago - counterpunch.org
Corporate bosses are allowed to take the hard-earned money from Mom and Pop investors and divide it among their freeloading shareholder friends via stock buybacks.
How United Airlines' Rapacious, Scandal-Ridden CEO Screwed Over His Own Company
Business  (tags: U.S., corporations, inequality, Jeff Smisek, United Airlines, Continental Airlines, wage stagnation, stock buybacks, CEO pay, value creation, value extraction )

Judy
- 1403 days ago - inthesetimes.com
CEOs like Smisek began sucking the financial lifeblood out of corporations in the 1970s. How exactly do these guys enrich themselves and shareholders at the expense of their own workers and customers?
SEC Admits It's Not Monitoring Stock Buybacks to Prevent Market Manipulation
Business  (tags: SEC, Stock Buybacks, stock market manipulation, income inequality, Mary Jo White )

Judy
- 1437 days ago - firstlook.org
Several politicians have been citing buybacks as an example of deliberate financial engineering that bolsters concentration of wealth and keeps working-class wages stagnant. This deceptive and destructive practice needs to be monitored and eliminated.
Stock Buybacks Are Killing the American Economy
Business  (tags: corporations, stock buybacks, fleecing of america )

Judy
- 1623 days ago - theatlantic.com
In a gigantic game of financial "keep away", CEOs and shareholders are tossing a $700-billion ball back and forth over the heads of American workers. Their wages as a share of GDP have fallen in almost exact proportion to profit's rise.
Corporations Used 2004 Tax Holiday To Repatriate Billions, Then Laid Off Thousands Of Workers
Business  (tags: corporate, corruption, dishonesty, ethics, investments, CEO Bonuses, stock buybacks )

Norm
- 2986 days ago - alternet.org
Congressional Research Service looked at a repatriation holiday approved by Congress in 2004 and found "little evidence exists that new investment was spurred." In fact, many of the largest companies that took advantage of that holiday wound up cutting te
   

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