Two-thirds of the $42 trillion in new wealth went to the wealthiest 1%, says a new report from Oxfam. The group also says tax policy can change that.
GM plans to buy back $5 billion worth of its own stock. Why do critics love to hate this corporate maneuver?
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 Security and Exchange Commission’s proposals could attract pushback from corporate America.
Big companies spent nearly $200 billion on share repurchases last quarter. The lack of government oversight has drawn a backlash.
Dividend hikes and stock buybacks are on the way.
Washington Post columnist Allan Sloan says Boeing hasn’t just parceled out profit to shareholders. The company “sent it out with a fire hose.”
The aircraft maker is also a space and defense company, “a huge provider of government services,” one expert says.
There are several reasons for the frenzy.
Buybacks among S&P 500 companies are projected to hit $1 trillion this year.
