Are stock buybacks hurting the working class? US senator presses the SEC to reexamine its policies

By Owen Davis

“The topic of stock buybacks is quickly moving from the financial press to the national political stage. In the first substantive congressional attention the issue has attracted in decades, Sen. Tammy Baldwin, D-Wis., is pressuring the Securities and Exchange Commission to re-examine rules that have enabled corporate America to splurge on stock buybacks, a trend that some worry harms middle-class workers.”…

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