stock buy-backs

JP Morgan/Chase Bank announced RECORD profits, again!

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“JP Morgan Chase executives said the bank would increase stock buybacks so that a mounting pile of tens of   billions of dollars in excess cash doesn’t grow further”. 1.  JP Morgan/Chase Bank again registered RECORD profits. So much money, it doesn’t know what do with it so they will buy back tens of billions of […]

JP Morgan/Chase Bank announced RECORD profits, again! Read More »

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Record profits for Corporate America while the Working-Class struggles!

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1. On average American businesses spent one trillion dollars/year on stock buy-backs. A huge record number. A few decades ago, ANY stock buy-backs were illegal. 2. Stock buy-backs are funded from corporate profits. They have so much profit, they don’t know what to do with it, so they buy their stock. Why not fund employee

Record profits for Corporate America while the Working-Class struggles! Read More »

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