She also made $29,000,000 in 2022 for herself, cause she worked so hard and made so many cars herself. Ha
Stock buy backs used to be illegal in the USA. It was seen as a form of corruption.
When organized labor is weak and non-militant, capital can get away with a lot more, so it does get away with a lot more.
It strips away anti-corruption, regulations, and social democracy as soon as it can get away with it.
How cool would sleeper cells of anti-capitalist assistants, cooks, personal trainers, etc be lol. These people should be living like Putin afraid everyone is planning to take them out. Take the joy from their lives if that's all you can take.
They could've paid for all of the UAW's asks and then some with just that but it's less about the money and more about trying to look strong. The reality is they are nothing without their workers, no company is.
Just like how the losses the entertainment industry has suffered due to the writers and actors strike could have paid for their demands 10 times over. This is 100% about stripping the power from workers and keeping the power in the C suite.
I wonder if the companies were expecting a recession to strengthen their hand. Turns out, we don't need them.
If stock buybacks are Capital's path of least resistance it will self organize, like iron shavings to a neodymium magnet, and make it happen. There is no human agency in the circuits of capitalism and never will be.
If this woman tried to not do stock buybacks, she would be fired by her peers/board and replaced.
If this woman was even capable of considering doing pay raises instead of stock buybacks, she would have been clocked and removed from the circuit like an intelligent species crashing into the fermi paradox/great filter.
: "It's not corruption if you legalize it!"
