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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Originally Posted by loquitur
It might go to investments, new equipment, cash for stock buybacks, shareholder dividends or other corporate purposes. You can't assume that the CEO's pay comes out of other workers' pockets - you simply don't know which pocket it comes from.
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Ah yes, thanks for that.
There has been a growing trend for companies to buy up their existing stock to go private. They got tired of getting beaten up by shareholders to have record profits each and every quarter.
Our company sold off some assets. We thought they'd keep the cash liquid for operating expenses, but instead bought back stock.
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