Judd Legum

@JuddLegum ↗

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Last Checked June 23, 2022

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Tue Jun 07 12:37:21 +0000 2022

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Judd Legum @JuddLegum

3. Among the 106 companies with wages that did not keep pace with inflation, 67 "spent resources buying back their own stock, a maneuver that inflates executive stock-based pay." These companies collectively spent $43.7 billion on share repurchases. https://t.co/ZRbf2ye1FM — PolitiTweet.org

Posted June 7, 2022

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Judd Legum @JuddLegum

2. A new study by @IPS_DC of 300 publicly traded companies found that, in 2021, they increased CEO pay by $2.5 million and worker pay by $3500. At 106 of these companies, wage increases did not keep pace with inflation. https://t.co/ZRbf2ye1FM — PolitiTweet.org

Posted June 7, 2022

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Judd Legum @JuddLegum

4. @Lowes spent $13 billion on stock buybacks in 2021. With those funds "the company could have given each of its 325,000 employees a $40,000 raise." Instead, "median pay at the company fell 7.6 percent to $22,697" The CEO of Lowes was paid $17.9 million https://t.co/ZRbf2ye1FM — PolitiTweet.org

Posted June 7, 2022