Tweet from RBReich at February 08, 2023 at 03:09PM
Prior to 1982, stock buybacks were considered stock manipulation. It was Reagan’s SEC that opened the floodgates to their abuse.
Stock buybacks don’t create more jobs. They don’t increase wages. They don’t grow the economy.
They do one thing: Make corporate execs richer.
— Robert Reich (@RBReich)
Feb 8, 2023