Why big corporations would rather waste billions of dollars than give it to workers

By Bryce Covert

“The amount of money large American companies spent on buying back their own stock to prop up their share prices just hit a record high.

Companies in the Standard & Poor’s 500 index spent $104.3 billion on planned stock buybacks in February, which is almost twice what they spent last year and is the most since data tracking began in 1995.”…

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