via jugglingdynamite:
As government revenues fall, deficits compound and debt levels leap, corporate executives have been directing the corporate cash freed up from recent tax breaks to pump up their company share prices with buybacks, while dumping their own personal holdings into the strength created. ‘So long suckers’, indeed. Buyers and holders beware, your longer-term financial interests are not a priority here. See Executives are selling off their company stock at the fastest pace in a decade:
“Companies this year have announced $827 billion in spending to purchase their own shares — well above the buybacks that took place during all of 2007, which set the previous annual record.
‘Insiders have been committing lots of money for stock buybacks, and they’re not doing buybacks because they think stocks are cheap. They’re doing to it to pump up the stock so they can sell it,’ said David Santschi, director of liquidity research at TrimTabs.
…what we are seeing is that executives are using buybacks as a chance to cash out their compensation at investor expense.” In June, a group of senators asked the SEC to review its buyback rules.
Said Santschi: “Insiders are doing one thing with their own money, and another thing with shareholders’ money.”
- PEDOPHILES ARE OFFICIALLY A PROTECTED CLASS IN AMERICA NOW
- Armstrong: Prepare for WWIII: The West NEEDS war because the entire financial system is collapsing
- Congressman Jim Jordan gets Debbie Birx to admit the truth…
- Fed throws Biden under the bus, says hes collapsing the country
- Comedian Alex Stein Trolls Leftist Protesters Outside His NYC Comedy Show
- A Major Prophetic Voice Is Warning That Food Confiscation Will Happen In America When Shortages Get Really Severe
- Dr. Geert Vanden Bossche forecasts total chaos within 2 months.
- Why Are They Still Pushing the Global Warming Hoax When We Have Real Problems to Take Care Of?
- Biden Admin Reportedly Losing Faith in the Ukraine Victory Plan
- This is What Happened in Kremenchug
Views: 0