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.
Published at
2024-09-03 19:02:32Event JSON
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"content": "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.\n\nThat was 976x the pay of the median Walmart worker, who made $27,642.\n\nStock buybacks are a scam to make the rich even richer.",
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