412
Intel Brags of $152 Billion in Stock Buybacks Over Last 35 Years. So Why Does It Need an $8 Billion Subsidy?
(www.commondreams.org)
this post was submitted on 26 Oct 2024
412 points (100.0% liked)
A Boring Dystopia
9681 readers
781 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They've been burning through multiple billions quarter over quarter during all those buybacks too. Sounds like poor leadership to me.
Not for the shareholders. And that's exactly the problem.
I'm a shareholder and it's worrying. The share's aren't going up any more and the dividends are laughable. It's the top managers filling their pockets.
These schemes never work forever. But the big investors usually know when to jump ship.