Stock buybacks were not even legal until the 1980s. This is why.
Ed Markey
 @EdMarkey
7 Mar 2022
Here's a fact you won't hear on Fox News today. Exxon, Chevron, and Conoco made $46 billion in profit in 2021. Now they're using 40% of those profits for stock buybacks. Big Oil is raking it in, raising prices, and taking advantage of the war in Ukraine to push for more drilling.

Mar 8, 2022 · 3:15 PM UTC

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Replying to @marwilliamson
All thanks to the Biden administration.
Replying to @marwilliamson
The Democrats will say and do anything to deflect from Biden's horrific energy and foreign policies. Biden can and will always rely on Markey (and Warren) for that.
Replying to @marwilliamson
pathfinders road to success: step 1 : exercise daily and get your "house" in order step 2 : if youre living paycheck to paycheck (or worse) you need to minimize expenses and start saving every penny
Replying to @marwilliamson
Republicans and Billionaires are Enemies of The People
Replying to @marwilliamson
What does this have to do with anything going on right now
Replying to @marwilliamson
This article alerts us to the fact that some are willing to profit from war.
Replying to @marwilliamson
That is Neo-Liberal Capitalism Marianne, if you don't like it, provide the alternative. Here's mine: thevenusproject.com/resource…

A Global Holistic Solution: Resource Based Economy

In a Resource Based Economy all goods and services are available to all people without the need for money, credits, barter or any other means.

thevenusproject.com
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Replying to @marwilliamson
More to the point, why do shareholders get to maintain their expected level of profit and pass on all the rising costs to consumers? The real specter of American propaganda is shown in the questions they are forbidden to ask.
Replying to @marwilliamson
Mw, Chevron was at $67 because Democrats were pushing the green deal. You could have bought Chevron. You want the green deal. Biden is still pushing the green deal. The green deal fails because it ignores mining, oil, jobs, inflation & is politic stupid. No USA Trump oil, Biden.
Replying to @marwilliamson
This is capitalism. Sounds like you would like the communist system in Russia or China better.
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