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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (1071607)5/31/2018 12:15:59 PM
From: zzpat  Read Replies (2) of 1575627
 
So w/o taxpayers subsidizing WMT's employees, WMT would have to pay more to get people to work with them.
"Buyback monsters
(% of shares bought back)

Wal-Mart (since 2002) 30 percent
ExxonMobil (since 2000) 41 percent
IBM (since 1998) 53 percent
Kohl's (since 2006) 50 percent
Target (since 2004) 40 percent
Boeing (since 1999) 39 percent

What does it mean? It means that these companies have dramatically boosted their earnings, not by selling more stuff, but by buying back stock. It means that all other things being equal, Wal-Mart, for example, has improved its earnings by 30 percent since 2002 just by buying back stock."

CNBC

WMT bought back almost $100 billion in stocks - this is money workers didn't get for their labor. In other words, WMT like most companies redistributes wealth away from workers who earned it to people who didn't earn it (investors).
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