Stock buybacks were not even legal until the 1980s. This is why.
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
C-Suite paying themselves even more...it was always thus
Replying to @marwilliamson
Stock buybacks. Another achievement to screw the working class brought to you by the Reagan administration.
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