I hope you saw the LTL today and Michel's tap dancing about stock buybacks.
Not once in his defensive and pandering speech did he mention how Met's buybacks benefited its employees. I wonder why?
I also loved the line of "when our investors buy our stock and give us money, we have to return that money to them." This is a lie, plain and simple. The last time Met sold stock on the market was 2008. We haven't gotten money from direct sales of shares on the market since then.
For the executive team reading this, next time you have him do a song and dance to convince us why spending $3+ billion on stock buybacks is a good thing, make sure he mentions Met's employees more than zero times.
Don't worry though, the $15 million he's paid yearly is a good investment for our investors when we're pouring billions back out onto the open market.