Wednesday, March 4, 2015
More evidence that corporations are just plain greedy
And could give a shit about their employees. See this article. Big corps are using their profits to buy back their own stock, thereby reducing its availability and raising its price. They do this instead of using those profits to reinvest in their business and to give pay hikes to their employees, something they used to do. It's all about short-term, increased profits for their executives and shareholders and to hell with any other consideration. It didn't used to be this way, with companies spreading the wealth to the people that actually make it for them, their employees. Another indicator of the end of a capitalism gone horribly wrong and on its deathbed.