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Re: Strikes
Posted: Tue Jul 20, 2021 3:37 pm
by ousdahl
What are stock buybacks, then?
What’s their purpose and benefit?
And why were they apparently illegal until reaganomics?
Re: Strikes
Posted: Tue Jul 20, 2021 3:48 pm
by Mjl
ousdahl wrote: ↑Tue Jul 20, 2021 3:37 pm
What are stock buybacks, then?
What’s their purpose and benefit?
And why were they apparently illegal until reaganomics?
Can't answer that without answering what the purpose of stock is in the first place. If a company has the ability to share profits by issuing stock, they should have the right to de-issue it.
Speaking of the zero-hunger-zero-waste thing...
Kroger is my company's parent company. We hold an annual auction to raise money for those charities. I hadn't cut my hair since the start of the pandemic. My co-workers thought it would be fun for people to auction to choose a new doo for me. I said OK. Perm beat out mohawk and bowl cut. So now my head looks like it has pubes. But we did raise over a grand for charity for it.
Re: Strikes
Posted: Tue Jul 20, 2021 3:51 pm
by ousdahl
whoa, who knew mjl’s real name was Trae Young??
Re: Strikes
Posted: Tue Jul 20, 2021 4:08 pm
by Deleted User 863
ousdahl wrote: ↑Tue Jul 20, 2021 3:37 pm
What are stock buybacks, then?
What’s their purpose and benefit?
A stock buyback is when the company buys back their shares on the (open) marketplace with its' cash on hand. Those shares are then absorbed by the company and the total number of shares outstanding are reduced.
This is good for all parties involved. People selling their shares (often at an increasing price). People who own shares. And the company. These are publicly traded companies. I own amazon stock, facebook stock, google, apple, etc. Buybacks aren't always some boogieman.
Re: Strikes
Posted: Tue Jul 20, 2021 4:11 pm
by TDub
Mjl wrote: ↑Tue Jul 20, 2021 3:48 pm
ousdahl wrote: ↑Tue Jul 20, 2021 3:37 pm
What are stock buybacks, then?
What’s their purpose and benefit?
And why were they apparently illegal until reaganomics?
Can't answer that without answering what the purpose of stock is in the first place. If a company has the ability to share profits by issuing stock, they should have the right to de-issue it.
Speaking of the zero-hunger-zero-waste thing...
Kroger is my company's parent company. We hold an annual auction to raise money for those charities. I hadn't cut my hair since the start of the pandemic. My co-workers thought it would be fun for people to auction to choose a new doo for me. I said OK. Perm beat out mohawk and bowl cut. So now my head looks like it has pubes. But we did raise over a grand for charity for it.
Get some soul glo on that thing and jheri curl that bitch. Let your soul shine thru
Re: Strikes
Posted: Thu Jul 22, 2021 11:03 am
by ousdahl
Re: Strikes
Posted: Thu Jul 22, 2021 11:05 am
by ousdahl
Also, we don’t hear about it much in the mainstream media but there’s strikes going on right now.
Frito lay workers in Topeka, coal workers in Alabama, Fred Meyer grocery, Uber and Lyft, etc
Re: Strikes
Posted: Thu Jul 22, 2021 12:35 pm
by Sparko
God bless the strikers. Let's get pensions and health care back.
Re: Strikes
Posted: Thu Jul 22, 2021 12:58 pm
by ousdahl
^^^
Heck, let’s get the middle class back!
How rad would it be if the narrative was less about space tourism, and more about more full time workers maybe even being able to afford their own home again.
Re: Strikes
Posted: Thu Jul 22, 2021 1:01 pm
by Deleted User 863
ousdahl wrote: ↑Thu Jul 22, 2021 12:58 pm
more full time workers maybe even being able to afford their own home again.
65.6% of americans own their home fwiw.
Re: Strikes
Posted: Thu Jul 22, 2021 1:09 pm
by ousdahl
and who owns the rest, Black Rock Capital?
Re: Strikes
Posted: Thu Jul 22, 2021 1:11 pm
by Deleted User 863
Someone else owns the rest. That's okay too.
Re: Strikes
Posted: Thu Jul 22, 2021 3:14 pm
by ousdahl
posting here cuz I can’t find the Shirley’s Law thread
Re: Strikes
Posted: Fri Jul 23, 2021 5:10 pm
by ousdahl
ousdahl wrote: ↑Thu Jul 22, 2021 11:03 am
Jeff Bezos, Space Marxist?
The Amazon founder revived the theory of surplus value.
https://newrepublic.com/article/163020/ ... ce-marxist
Re: Strikes
Posted: Thu Aug 05, 2021 1:35 pm
by Deleted User 89
what’s wrong with alabama?
coal miners on strike (and their family members) getting hit by cars driven by current mine employees and contractors
Re: Strikes
Posted: Thu Aug 05, 2021 1:52 pm
by ousdahl
Wasn’t that car collision a couple months ago now?
The latest headline I see is that union workers from around the country are going to support the Alabama miners
If only worker’s strikes in this country got as much press as billionaire cock rockets
Re: Strikes
Posted: Thu Aug 05, 2021 1:57 pm
by Deleted User 89
ousdahl wrote: ↑Thu Aug 05, 2021 1:52 pm
Wasn’t that car collision a couple months ago now?
The latest headline I see is that union workers from around the country are going to support the Alabama miners
If only worker’s strikes in this country got as much press as billionaire cock rockets
it may have been
the story i was listening to over lunch didn’t provide a date, but apparently it’s happened multiple times
Re: Strikes
Posted: Thu Aug 05, 2021 1:58 pm
by ousdahl
and speaking of workers in Alabama, guess which online retail giant’s employees might get another vote to unionize!
Apparently the first vote is being criticized for a number of reasons, including a mailbox/ballot drop box and whether it was being monitored or accessed by Amazon.
among other lulz:
The hearing provided additional insight into Amazon's anti-union tactics. One Bessemer worker testified that during mandatory meetings at the warehouse, managers said the facility could shut down if staff voted to unionize. Other workers said they were told that the union would waste their dues on fancy vacations and cars.
Re: Strikes
Posted: Thu Aug 05, 2021 4:53 pm
by ousdahl
Re: Strikes
Posted: Fri Aug 06, 2021 6:37 pm
by ousdahl
oh!
so for the first time in Merican history, the average restaurant worker’s wages surpassed $15 an hour….