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there's many ways to use unexpected income. share buybacks are one. lower prices and higher salaries are another. pretending that this is about cash reserves is
by ferzul 7y ago
there's many ways to use unexpected income. share buybacks are one. lower prices and higher salaries are another. pretending that this is about cash reserves is a strawman.
if the company is going to depend on the public teet, it should bite when it isn't hungry.
- duxup 7y agoI wasn't pretending it was about anything. I was nothing if buyback's hadn't happened and they had cash... the incentive is to lay people off who aren't working. That's just how things work right now. Same would go with "lower prices and higher salaries"... the result in the article happens just the same.