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UAW Rips 'Corporate Greed' of John Deere as Mass Layoffs Follow $43 Billion in Stock Buybacks
(www.commondreams.org)
this post was submitted on 31 Jul 2024
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Work Reform
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Yeah, if the share price goes down due to change in public sentiment and buying habits, the stock buyback essentialh wasted money.
But if the price remains steady or goes up in any nominal way, the stock buy back nets them tons of cash. If steady, not tons of cash but plenty of 'control' of corporate direction.