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Valued Social Butterfly
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Re: Economy Good - COLA 2% - CEO's Millions

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Mick, I am sure you will get some responses from the Right with factual data and reputable sources to debunk the facts you posted.

 

Yes, sarcasm could be detected in my post.


"The only thing man learns from history is man learns nothing from history"
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Economy Good - COLA 2% - CEO's Millions

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The Real Tale of the Tape in Stock Market Increases - Ponzi Market Scam - Compaines Moving Around Their Own Stocks Mostly To themselves

 

Economy is doing Good

 

Trump & GOP Give The Already Rich & Politically Powerful 20% Across the Board Raise 

 

Trump & GOP Promise Seniors Living on Fixed Income - Maybe Another 2% COLA - 2% doesn;t even come close to off setting the $1 per gallon increase in Gasoline and Home Heating Oil in just the last year

 

Trump & GOP Promise Working Poor - Reduction in Benefits - Reduce Food Stamps - Kill Obamacare - Kill Unions - Kill Milk Program for Newborns

 

Trump & GOP Promise Majority of Working Americans a One-time Raise Maybe 0.1%

 

Here is what the The Already Rich & Politically Powerful Did with Their 20% Across the Board Raise

 

1.  Oracle Corp. CEO Safra Catz sold $250 million worth of shares in her company — the largest executive payday this year. Product development head Thomas Kurian sold $85 million. The sales came after the company announced a $12 billion share repurchase.

 

2. Mastercard CEO Ajay Banga sold $44.4 million of stock in May, the largest single cash-out by an executive of the company in at least 10 years, months after the company announced a $4 billion buyback of its own stock.

 

3. Two days after Eastman Chemical announced it would purchase $2 billion of its own stock, CEO Mark Costa sold 55,000 shares for $5.4 million.

 

Following the tax cuts, roughly 28 percent of companies in the S&P 500 mentioned plans to return some of their tax savings to shareholders, according to Morgan Stanley. Public companies announced more than $600 billion in buybacks in the first half of this year — already toppling the previous annual record.

 

The correlation between corporate buybacks and insider sales is clear, according to SEC Commissioner Robert Jackson, a Democrat.

 

He studied 385 buybacks since the beginning of 2017 and found that after half of them, at least one executive sold shares within the next month.

 

And while more than two dozen companies announced one-time bonuses to employees after the tax bill, wage growth is still sitting at a lackluster 2.7 percent.

 

4. On Feb. 28, TJX Cos., the parent company of T.J. Maxx stores, announced a new stock buyback plan as part of an earnings announcement, boosting the department store’s stock above $82. On March 1, Carol Meyrowitz, an executive and former CEO, sold $11 million in shares. In the 30 days following the buyback announcement, TJX CEO Ernie Herrman sold $2.8 million of shares.

 

5. North Chicago-based AbbVie announced strong profits and increased its earnings guidance for 2018. The pharmaceutical company estimated an effective tax rate of about 9 percent in 2018. AbbVie’s shares jumped to a multiyear high above $120.

 

On Feb. 15, the company announced a new, $10 billion stock buyback plan. From Feb. 20 through March 1, eight executives sold a total of $26.8 million worth of stock. Throughout this period, the stock stayed above $114. It has since dipped to $90.56 as of July 27.

 

6. Cigarette-maker Altria announced a $1 billion buyback on Feb. 1. From Feb. 8 through March 2, four executives sold a total of $1.8 million. Chief Executive Craig Johnson sold $995,734 eight days after the buyback was announced. No Altria executives sold shares prior to the buyback announcement in 2018.

 

Source - https://www.politico.com/story/2018/07/30/eye-popping-payouts-for-ceos-follow-trumps-tax-cuts-747649

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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