How American CEOs got so rich
For a long time, it was off-limits for a corporation to buy back its own stock. Not anymore.
Become a Video Lab member! http://bit.ly/video-lab
American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?
To learn more about stock buybacks, General Motors, and the Lordstown GM plant, check out the following sources:
William Lazonick, Harvard Business Review: Profits Without Prosperity (https://hbr.org/2014/09/profits-without-prosperity)
Irina Lendel, Melissa Piazza, Matthew Ellerbrock, Cleveland State University: Lordstown GM Plant Closure Economic Impact Study (https://engagedscholarship.csuohio.edu/cgi/viewcontent.cgi?article=2594&context=urban_facpub)
Emily Stewart, Vox: Walmart is paying $20 billion to shareholders. With that money, it could boost hourly wages to over $15. (https://www.vox.com/business-and-finance/2018/5/25/17379730/walmart-stock-buyback-worker-wages)
Jane G. Gravelle and Donald J. Marples, Congressional Research Service: The Economic Effects of the 2017 Tax Revision: Preliminary Observations (https://www.everycrsreport.com/files/20190522_R45736_8a1214e903ee2b719e00731791d60f26d75d35f4.pdf)
Stephen Mihm, Bloomberg: How Stock Buybacks Ambled Into Stardom (https://www.bloomberg.com/opinion/articles/2019-07-24/stock-buyback-history-is-a-mess)
Lawrence Mishel and Julia Wolfe, Economic Policy Institute: CEO compensation has grown 940% since 1978 (https://www.epi.org/files/pdf/171191.pdf)(Economic Policy Institute)
Irina Ivanova, CBS: GM bought back $10 billion in stock since 2015, double what job cuts will save (https://www.cbsnews.com/news/gm-bought-back-10-billion-in-stock-since-2015-double-what-job-cuts-will-save/)
Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.
Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://goo.gl/U2g06o
Or Twitter: http://goo.gl/XFrZ5H
Видео How American CEOs got so rich канала Vox
Become a Video Lab member! http://bit.ly/video-lab
American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?
To learn more about stock buybacks, General Motors, and the Lordstown GM plant, check out the following sources:
William Lazonick, Harvard Business Review: Profits Without Prosperity (https://hbr.org/2014/09/profits-without-prosperity)
Irina Lendel, Melissa Piazza, Matthew Ellerbrock, Cleveland State University: Lordstown GM Plant Closure Economic Impact Study (https://engagedscholarship.csuohio.edu/cgi/viewcontent.cgi?article=2594&context=urban_facpub)
Emily Stewart, Vox: Walmart is paying $20 billion to shareholders. With that money, it could boost hourly wages to over $15. (https://www.vox.com/business-and-finance/2018/5/25/17379730/walmart-stock-buyback-worker-wages)
Jane G. Gravelle and Donald J. Marples, Congressional Research Service: The Economic Effects of the 2017 Tax Revision: Preliminary Observations (https://www.everycrsreport.com/files/20190522_R45736_8a1214e903ee2b719e00731791d60f26d75d35f4.pdf)
Stephen Mihm, Bloomberg: How Stock Buybacks Ambled Into Stardom (https://www.bloomberg.com/opinion/articles/2019-07-24/stock-buyback-history-is-a-mess)
Lawrence Mishel and Julia Wolfe, Economic Policy Institute: CEO compensation has grown 940% since 1978 (https://www.epi.org/files/pdf/171191.pdf)(Economic Policy Institute)
Irina Ivanova, CBS: GM bought back $10 billion in stock since 2015, double what job cuts will save (https://www.cbsnews.com/news/gm-bought-back-10-billion-in-stock-since-2015-double-what-job-cuts-will-save/)
Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.
Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://goo.gl/U2g06o
Or Twitter: http://goo.gl/XFrZ5H
Видео How American CEOs got so rich канала Vox
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Google and Amazon are now in the oil businessExplained | The Stock Market | FULL EPISODE | NetflixHow tax breaks help the richHow Does the Internet Work? - Glad You Asked S1Napoleon's missing hand, explainedWhy Apple, Warren Buffett, And Others Use Stock BuybacksHow America became a superpowerWhy obvious lies make great propagandaWhy the US drinking age is 21What the US gets wrong about minimum wageHow the British royal family makes moneyHomer Simpson: An economic analysisHow Amazon Paid $0 Federal Income Tax in 2018How does the stock market work? - Oliver ElfenbaumChina is erasing its border with Hong KongThe World's Highest Paid CEO'sHow America fails its whistleblowersChina's trillion dollar plan to dominate global tradeHow job surveillance is changing trucking in AmericaWho pays the lowest taxes in the US?