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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.