GM plans to buy back $5 billion worth of its own stock. Why do critics love to hate this corporate maneuver?
There are more than a dozen proposals posed to executives.
A business theory helped put profits for shareholders ahead of other corporate interests.
Shareholder rights plans, as they are also known, are used to fend off takeovers, like Elon Musk’s bid for Twitter.
Stock buybacks are typically meant to return value to shareholders. But critics say the cash could be used to create jobs or raise workers’ pay.
The company is under scrutiny over vaccine equity. It received considerable U.S. government help in developing its vaccine.
CEO group Business Roundtable says companies should consider how they’re affecting employees, customers and society — in addition shareholders.
Amid criticism of wealth inequality and CEO pay, Business Roundtable vows to serve more than shareholders.
There are several reasons for the frenzy.
Cybersecurity is now the top worry of Jamie Dimon, the CEO of JPMorgan Chase.
