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2024-09-03 19:02:32

Robert Reich on Nostr: Walmart spent $30.8 billion on stock buybacks over the past 5 years, juicing its ...

Walmart spent $30.8 billion on stock buybacks over the past 5 years, juicing its CEO's annual compensation to a jaw-dropping $26.9 million in 2023.

That was 976x the pay of the median Walmart worker, who made $27,642.

Stock buybacks are a scam to make the rich even richer.
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