2031
Jim "Scumbag" Farley
(lemmy.ml)
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this post was submitted on 17 Sep 2023
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Its called juxtaposition my guy, Ford also spent almost half billion on stock buybacks last year which could have been used to give every Ford Employee a $2500 bonus to share their profits, but instead they used it to buy back stocks...
And buying back the stock has the effect of making the stock price go up. And guess who gets the most stock? The CEO and C suite. They give themselves huge raises by doing this and it's perfectly legal :(
This…is not a bad take. 🍻
A 15 cent quarterly dividend on a $15 stock is 1%, not 10%. Ford's annual dividend is about 4% per year.
Sure, but Ford made a profit of 10 billion last year according to google. That means that they can give every single one of those 186k people a 6000$ raise and still be left with almost 9 billion in profit.
Isn't the CEO one of the main people that decide salaries? When you're ok with you having a multimillion salary and you say that others should be happy with 60k a year... that sounds like a problem to me
Did the post day to divide his salary to everyone or did it laugh at the thought of a living wage bankrupting his company?
Yes, the post did just that...
...while laughing at the thought that raising the lower paid people's salary will bankrupt his company.
Your attempt to spin the memes meaning around is an amount of reaching that I'd recommend stretching for next time