Money party - Were you invited? Posted: Jun 11th, 2018 - 9:31 pm
"Corporate executives are using tax cuts and share buybacks to boost their own compensation, a top regulator said Monday.
Companies have announced a record-breaking level of share buybacks since Congress passed the Republican-backed tax reduction in December. Critics of the $1.5 trillion measure had worried that it would lead to big rewards for shareholders and only limited benefit to the broader economy.
Robert Jackson Jr., a member of the Securities and Exchange Commission, said corporate bigwigs have been selling their shares after the buyback announcements hit, cashing in from the stock price surge that often happens after a repurchase notice."
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- Money party - Were you invited? (Views: 413, 2018-06-11, 9:31 pm)
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