this post was submitted on 09 Feb 2024
43 points (93.9% liked)

Canada

7133 readers
314 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Regions

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca
43
Trudeau 'pissed off' by Bell Media's 'garbage decision' to lay off journalists (www.cbc.ca)
submitted 7 months ago by ValueSubtracted@startrek.website to c/canada@lemmy.ca
16 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] ryper@lemmy.ca 26 points 7 months ago* (last edited 7 months ago) (1 children)

I think CBC's article on the layoffs yesterday included the real problem:

"The source of this is a dividend policy that has really become out of whack," added Horan.

BCE will now pay a quarterly dividend of 99.75 cents per common share, up from 96.75 cents per share, the company said Thursday. Dividends are a portion of earnings that companies pay out to their shareholders, usually every quarter.

"Typically, the companies pay about 50 per cent of their earnings in dividends, and they're up to about 130 per cent right now of their earnings. So I think that's pressuring the company to produce more free cash flow."

It's technically a Canadian Press article, but the CTV copy linked here yesterday didn't have that part.

[–] kent_eh@lemmy.ca 7 points 7 months ago

Once again the problems of society are caused by the greedy fucks on Bay Street/ Wall Street who demand impossibly ever increasing profits.