This kind of thing used to go to employee ‘profit sharing.’
You could do practically anything with 60 billion dollars, at this point in history. Cure cancer, go to mars, solve world hunger, SS tier harem, build a city under the ocean. Crazy that most of it goes to displays of wealth, rather than actually doing stuff.
SMH. Exhibit A why we can’t have nice things as humans on this planet.
This used to be illegal.
The reality anymore is that if you don’t own your stock as a company… private equity is going to get enough shares/majority shares to strip mine your company into the ground.
At the risk of sounding stupid was this related to the layoffs?
They probably should have used it for R&D at the very least instead
Booooooo. Wage thieves
It seems Microsoft would sell the shares back at some point, no? They just didn’t have good investments to make at this time and don’t need the cash.
I am writing a term paper about this topic but couldn’t find an academic source about the issue of buybacks÷nds and layoffs instead of sharing profits with the workers. Can anyone here recommend me something?
They could give 221,000 employees a roughly 200,000 dollar bonus.
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This kind of thing used to go to employee ‘profit sharing.’
You could do practically anything with 60 billion dollars, at this point in history. Cure cancer, go to mars, solve world hunger, SS tier harem, build a city under the ocean. Crazy that most of it goes to displays of wealth, rather than actually doing stuff.
SMH. Exhibit A why we can’t have nice things as humans on this planet.
This used to be illegal.
The reality anymore is that if you don’t own your stock as a company… private equity is going to get enough shares/majority shares to strip mine your company into the ground.
At the risk of sounding stupid was this related to the layoffs?
They probably should have used it for R&D at the very least instead
Booooooo. Wage thieves
It seems Microsoft would sell the shares back at some point, no? They just didn’t have good investments to make at this time and don’t need the cash.
I am writing a term paper about this topic but couldn’t find an academic source about the issue of buybacks÷nds and layoffs instead of sharing profits with the workers. Can anyone here recommend me something?
They could give 221,000 employees a roughly 200,000 dollar bonus.