Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.

Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth::Only eight companies in the S&P 500 have larger market values than Apple’s outlay on share repurchases over the last decade.

  • SpacetimeMachine@lemmy.worldEnglish
    7·
    1 year ago

    I would say stock buybacks are already a real issue, doesn’t matter if they’re borrowing the money or not. If companies had to actually invest in their employees instead of their rich shareholders a lot of issues in our society today would be lessened.

    • laylawashere44English
      1·
      1 year ago

      There is also the oft cited chart about US wage stagnation seemingly starting around the time a Reagan era policy incetivied companies to return more money to shareholders. The implied causation being that stock buybacks and other such rules are in part of or wholly responsible for the widespread wage stagnation. Of course correlation does not prove causation, though it certainly suggests it.