Instead of putting resources into innovative ways to build their businesses or hire new employees, corporations are pumping 98 percent of their record-breaking profits into buying back their own stock and increasing dividends to benefit their executives and wealthy shareholders at the expense of their workers. It is a major reason why CEOs are now making nearly 300 times what the typical worker makes.
We have got to demand that corporations stop manipulating their shares to reward their executives and billionaire shareholders through the use of stock buybacks.