🚀 go-pugleaf

re:
http://www.garlic.com/~lynn/2018b.html#21 Important US technology companies sold to foreigners
http://www.garlic.com/~lynn/2018b.html#27 Important US technology companies sold to foreigners
http://www.garlic.com/~lynn/2018b.html#67 Important US technology companies sold to foreigners
http://www.garlic.com/~lynn/2018b.html#y1 Important US technology companies sold to foreigners

more from today .... home depot's "up to $1000"

Workers Are Getting Basically Nothing From The Corporate Tax Windfall
https://www.fastcompany.com/40537732/workers-are-getting-basically-nothing-from-the-corporate-tax-windfall

Home Depot is one company that's promised bonuses but which is
actually giving most of its savings to shareholders. The retailer
announced in January that it was awarding bonuses on a sliding scale
based on its associates' length of service. Those with less than
two years will get $200. Those with 15 to 19 years service will get
$750.

.... snip ....

Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.
https://www.nakedcapitalism.com/2018/03/stock-buybacks-hurt-workers-economy-ban.html

The deceptively named Tax Cut and Jobs Act slashes the corporate tax
rate from 35 percent to 21 percent on the theory that companies will use
the extra after-tax profits to make productive investments that will
create jobs for Americans. Yet it is clear that instead of helping to
rebuild the vanishing middle class, corporate executives will funnel the
tax savings to already-rich shareholders through stock buybacks and cash
dividends, increasing their take from the stock market. As a result, the
nation's rampantly unequal income distribution will only become worse.

..

Repurchases done on the open market, which constitute the vast majority
of all buybacks, are nothing but manipulation of the stock market. So
why are companies allowed to do them? Because of the 1980 election of
Ronald Reagan as president on a platform of market deregulation. In
November 1982, after Reagan had appointed Wall Street banker John Shad
as chairman of the Securities and Exchange Commission (SEC), the agency
adopted Rule 10b-18, which permits a company to do buybacks that can
amount to hundreds of millions of dollars per day, trading day after
trading day, without fear of being charged with stock-price
manipulation. Rule 10b-18, which remains in force 35 years later, is a
license to loot the U.S. business corporation.

... snip ...

prior to rule "10b-18", such buybacks were illegal manipulation.

The Ugly Truth Behind Stock Buybacks
https://www.forbes.com/sites/aalsin/2017/02/28/shareholders-should-be-required-to-vote-on-stock-buybacks/#5036902c6b1e

For most of the 20th century, stock buybacks were deemed illegal because
they were thought to be a form of stock market manipulation. But since
1982, when they were essentially legalized by the SEC, buybacks have
become perhaps the most popular financial engineering tool in the
C-Suite tool shed.

... snip ...

stock buyback posts
http://www.garlic.com/~lynn/submisc.html#stock.buyback
inequality posts
http://www.garlic.com/~lynn/submisc.html#inequality


-- 
virtualization experience starting Jan1968, online at home since Mar1970