The company announced a 20% dividend increase and a new $6 billion stock buyback program.
Someone ran a piece a few days ago about Chinese automaker BYD raising $5 billion to expand all over the place. New factories, new dealerships, very aggressive moves to increase global market share.
General Motors has even bigger plans - a giant new Stock Buyback and Shareholder Dividend Flimflam! Yay! USA! USA! USA!
@193 w90% of the fraud market
is owned by 10% of the population
which should be working at REAL jobs
@151 why, it builds equity for the shareholders
It should be illegal for a company to buy stock, its own or another company's.
If a company has extra money it doesn't want to spend on its business, it should pay dividends or just lower prices to reduce the pile of extra money.
They can spend money on R&D, better factories, prepare for the future, even reward the employees with better benefits or bonuses.
Or they can reward the executives with a huge payoff when they cash in their stock options.
What do you think the SLT will do?
executives i think are paid in shares
the higher the share price, the more they make
corrupt as he-l
MTB works for the shareholders. She has consistently managed for stock price (hype automomous/Cruise without any real deliverables), not for making autos for the marketplace (see L87 debacle) or for employees (constant threat of layoffs, open sites/close sites). She started out well during the ignition switch, but was corrupted. And looking at her compensation, I guess I understand why -
Mary Barra Total Compensation (Approximate)
2024: $29.5 million
2023: ~$24-25 million (estimated based on a reported "dip" from 2022)
2022: $34.1 million
2021: $29 million
2020: ~$21-23 million