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Politics : The Trump Presidency
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To: TimF who wrote (32199)9/2/2017 12:42:08 AM
From: zzpat  Read Replies (2) of 361817
 
US corporations have been irresponsible and childish. Normally wages go up after a recession, but CEOs suppressed wages in 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014. It took until 2015 for wages to go up and that happened because voters forced it on them.

This lack of wage growth crippled the economy and continues to destroy the middle class. Each year workers made less money after their incomes were adjusted for inflation. Yet, these same CEOs increased their own pay and spent trillions on stock buybacks (which increased their pay).

Rest assured these CEOs who bought back stock and are hit with declining top and bottom lines and stock prices will learn how swift failure is punished.

CEOs should have put that money into their companies and their workforces instead of wasting it by propping up stock prices and EPS with stock buybacks.

Their day of reckoning is coming. Instead of leading, they followed each other into the abyss.
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