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2024-10-16 18:12:37

Angela G on Nostr: The parent company of #Walgreens spent $69M on stock buybacks in Nov 2023. As best as ...

The parent company of #Walgreens spent $69M on stock buybacks in Nov 2023.

As best as I can tell from this chart, #CVS buys back about $3bil every March (https://www.tipranks.com/stocks/cvs/buybacks)

So #CNN, when you write an article about how companies are downsizing, be sure to include #stockBuybacks.

These corporations are enriching their leadership and their stockholders because that is what #Capitalism says they should do. The could choose to be stewards of #healthcare. They don't

https://www.cnn.com/2024/10/16/business/walgreens-cvs-store-closures/index.html
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