September 20, 2016
“Microsoft plans to buy back up to $40 billion in stock and boost its quarterly payout to 39 cents.” This is what our corporations do with their money. This is definitely not “creating jobs.” This is not “free market” action. They just have too much money laying around and this is an easy way to get rid of it.
Wells Fargo terminated more than 5,000 employees who perhaps cheated on the contest the bank was holding because it meant they wouldn’t lose their jobs. They lost their jobs anyway, and Wells Fargo was hoping no one would notice. Well, the 5,000 people who lost their jobs noticed.
“Where are the grownups who are supposed to be running our financial institutions?” ~ Deborah Lagutaris