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Why do you _have_ to extract more money out of people just because you can? Is it truly not enough for the McDonald's executives?
by venturecruelty 11mo ago
Why do you _have_ to extract more money out of people just because you can? Is it truly not enough for the McDonald's executives?
- twoodfin 11mo agoNo, it’s extracting more money out of different people. Because they’re a more profitable target for investment than the former people.
- nielsbot 11mo agoTheir function is to maximize profit. I doubt they think about their company's position in society often if at all. But there are many factors. Allowing stock buybacks is definitely one of those. If I'm reading this chart right they're spending about $500M/quarter on buybacks? https://www.financecharts.com/stocks/MCD/cash-flow/repurchase-of-capital-stock https://www.financecharts.com/stocks/MCD/cash-flow/repurchas...
- red-iron-pine 11mo agopublicly traded company, the stock price must go up. always. and it's not the executives, it's the owners. those on the board, or who own a ton of shares. stock price doesn't go up and those execs get replaced until they find someone who will.