They know how to squeeze the last bit of blood out of the employees. The company is making $650million cash profit but they plead poverty and won't pay the employees. Execs take millions for themselves and on top they are using the profits cash buying a third of the company by share buybacks. Drums package suddenly goes from $6.7 million to $10million effectively back door. They squeeze every $ they can from employees. Its plundering every which way they can.
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"They squeeze every $ they can from employees." NOT TRUE. I don't feel in the least bit squeezed to work more.
The problem is keeping the motivation to even log in, and not coming across totally annoyed when anyone emails with a question about something they could have just Googled.
Over the last years they spend over 6b USD buying back shares… which are worth today a tiny fraction of their purchase value. What a complete waste of money!!
They have $1.9 billion in the bank and trying to fool employees they can't be given a payrise.
In the meantime they are doing buybacks to boost the share price as they get paid in shares.
They can't even grow the company.
It is all a game of thrones - and Del penne pasta always wins
There's a simple reason they buy back shares, it artificially raises the EPS and 3 guesses what metric they decide upon to use for their reward EPS.
It's why Share buybacks were illegal and still are in some more enlightened countries.