The rich get richer as stock buybacks surge

[MongGrel]

Sure there are some that did it for that, but many did it because it was either that or go bankrupt.

Bullshit.

 

[MongGrel]

LOL you on the left are so warped. Republicans are to blame? Democrats were charge of government for how long now? When is your side going to take responsibility?

this is the current warped view of the world the left has.

If republicans have a majority of government, they are responsible for everything bad
If republicans have a minority of government, they are responsible for everything bad

You appear to be young and ignorant.

Is all I can say.

 

[MongGrel]

Man that isn't fair, NOBODY rails on the rich shipping overseas more than myself. Check my posting history. Why does McOwned get all the credit for attacking the rich? When do I get my props?

:awe:

You're very good at it.

*Applaud*

 

[Zaap]

A lot of assumption. How do you assume illegal?

Because I wasn't born yesterday. Roofing houses isn't a shit job. It's not a legit job for "guest workers", to give some dipshit's little roofting company an out for having to pay decent wages and turn another profession into shit. Man, imagine if every company starts using that excuse how quickly we can get to third-world status. (Don't worry, we're actually well on the way to that.)

It's simply another thing that's been turned into a shit job, because of people like the asshole in your example, aided and abetted by corrupt government, and "rockstar" citizens who think they're too good to do anything anymore. (And HIGHLY IRONICALLY whine about no one doing any actual hard work- it's almost laughable!)

 

[LegendKiller]

True.

Sounds like you need to find another line of work. One problem is, a lot of dumbasses never learn to do much, never develop any interests that they can turn into fullfilling occupations, and so they drift lifelessly into some dull, paper-pushing bullshit like it sounds like you're mired in. Then they get all cynical and mad at everything and everyone and just become dicks. In worst case scenarios, they end up doing nothing much but bitching about "da man" and "outsercing err jerbs!" and claiming no one else is ever doing any work or anything valid... ie burnout dick ravings.

Probably too late for you, but if possible find something you enjoy doing instead of slaving away shuffling other people's paper around, and make that pay. Eventually your outlook won't be so bleak. Maybe you'll even opt out of the ongoing National Pity Party and start laughing a bit at those a little too caught up wallowing in it. Maybe.

LOL - so you haven't actually disproven anything I said.

Why am I a dick? Because sometimes it isn't about the glass being half full or half empty, it's just about it being full of piss.

 

[Zaap]

HAHA nice edit. Was that just a bit too much burnout dick-raving before?

Anyway... look, I don't actually give a shit what you do, so no need for you to over-justify anything proving to yourself you actually love pushing paper around. I just pointed out your answer to DSF was needlessly dickish, because his reason was perfectly valid- dick ravings of you being the only one that knows anything about finance aside.

 

[LegendKiller]

HAHA nice edit. Was that just a bit too much burnout dick-raving before?

Anyway... look, I don't actually give a shit what you do, so no need for you to over-justify anything proving to yourself you actually love pushing paper around. I just pointed out your answer to DSF was needlessly dickish, because his reason was perfectly valid- dick ravings of you being the only one that knows anything about finance aside.

Never said I knew everything about finance, just said I know more than you or DSF, otherwise you two wouldn't be spewing the same old shit.

Don't really care whether you call it "dick ravings" or not, can you actually prove that the companies are retiring the stock at an actual discount to BV or marginally above for positive capital benefit, or are they levering up and undercapitalizing their companies?

I know the latter is true but you only think that the former *may* be true. But can you prove it?

Nope, just some idiotic link from Zacks about financial theory. Wow, great job there sparky. You deserve a cookie for that one.

 

[Zebo]

Because I wasn't born yesterday. Roofing houses isn't a shit job. It's not a legit job for "guest workers", to give some dipshit's little roofting company an out for having to pay decent wages and turn another profession into shit. Man, imagine if every company starts using that excuse how quickly we can get to third-world status. (Don't worry, we're actually well on the way to that.)

It's simply another thing that's been turned into a shit job, because of people like the asshole in your example, aided and abetted by corrupt government, and "rockstar" citizens who think they're too good to do anything anymore. (And HIGHLY IRONICALLY whine about no one doing any actual hard work- it's almost laughable!)

You're still guessing and assuming. When I visit McDonalds and it's 100% Mexican are they all illegal too? Thats a Fortune 500. He had over 100 employees and 4 crews. One crew was a union crew for prevailing wage & govt work. Hardly a shit little company with bad wages but keep assuming.

And you missed my point entirely when you went off on your racial tangent. Success and wealth is it's not about hard work. It's about market position. Because if we killed half the population tomorrow and all the illegals disappear he's still a roofing contractor hiring workers which make him more money working less due to his market position. The hedge fund managers are still buying their tax breaks and govt contracts from politicians getting billions worikng even less hard than said contractor let alone the roofer.

 

[Zaap]

You're still guessing and assuming. When I visit McDonalds and it's 100% Mexican are they all illegal too? Thats a Fortune 500. He had over 100 employees and 4 crews. One crew was a union crew for prevailing wage & govt work. Hardly a shit little company with bad wages but keep assuming.

McDonalds is your go-to comparison?!

Do people actually believe that construction in any way compares to flipping burgers? If so, we're totally sunk.

Most McDonalds are independently owned franchises, of course many of them may be hiring illegals.

The irony is people like your friend whining about Walmart and everyone else "outsercing err jerbs!" while he turns his own industry into a total shit occupation. Let's all pretend his crew is all Mexican while he sits on his fat ass because only Mexicans can do construction. Another of those "Jobs Americans won't do!" Yeah- for the bullshit slave wages and shit work condition your asshole friends' ilk pays.

But by all means, keep whining and pointing fingers about everyone else destroying or outsourcing what used to be good jobs and what cheap products people buy. This is part of the problem with the Pity Partiers: everything is always everyone else's fault, even as they participate in things that are every bit and more as bad as all the bullshit they whine at "The rich!" over.

And you missed my point entirely when you went off on your racial tangent. Success and wealth is it's not about hard work.

For asshole slave-labor racketeers like your friend, of course it isn't. Go have another beer and point the finger as someone else over it. "That guy! Over there! His fault! He has more money than me! Must be him!"

 

[Zaap]

Never said I knew everything about finance, just said I know more than you or DSF, otherwise you two wouldn't be spewing the same old shit.

Riiiiight and you know more than Zacks, and and The Street (Buying back one's own stock is seen as a sign of confidence, a sign that you believe the stock is undervalued) and a pretty much ANY financial source that will of course list that as a possible reason for a stock buyback.

You're clearly too burned out to know I'm not claiming that's the case one way or another (in fact, I've said before I don't like many of the bullshit reasons companies use to buy back stock) just that undervaluation IS a reason often cited. If you actually bothered to read anything (like the Zacks link, clearly you were being too much of a know-it-all dick to actually do so) other's aren't actually saying that's ALWAYS the reason either, and many have criticism of it.

Shuffling other people's paper around in your dead-end job while pretending you're the only one doing any work is just making you a bitter dickhead- that's why I say find something more worthwhile to do if it's not too late.

 

[LegendKiller]

Riiiiight and you know more than Zacks, and and The Street (Buying back one's own stock is seen as a sign of confidence, a sign that you believe the stock is undervalued) and a pretty much ANY financial source that will of course list that as a possible reason for a stock buyback.

You're clearly too burned out to know I'm not claiming that's the case one way or another (in fact, I've said before I don't like many of the bullshit reasons companies use to buy back stock) just that undervaluation IS a reason often cited. If you actually bothered to read anything (like the Zacks link, clearly you were being too much of a know-it-all dick to actually do so) other's aren't actually saying that's ALWAYS the reason either, and many have criticism of it.

Shuffling other people's paper around in your dead-end job while pretending you're the only one doing any work is just making you a bitter dickhead- that's why I say find something more worthwhile to do if it's not too late.

So what do you do when you have a huge foreign cash pool? Hmmm, do you repatriate it and pay taxes? Nope.

Do you issue one of the biggest bond issuances in history so you can avoid paying taxes while raising cash for a stock buyback that will raise your own income and mask the fact that your stock isn't doing well because your products are stale?

DING DING DING! We have a winner Timmy! What does he win????


http://appleinsider.com/articles/14...m-in-2013-topping-all-but-one-sp-500-tech-ceo


HE WINS $70MM IN NON-CASH STOCK APPRECIATION THAT IS 17.5x HIS CASH SALARY! GOOD JOB TIMMY!

 

[dmcowen674]

I grew up in it. It didn't start with the jobs being shipped overseas. Most people weren't on the edge of bankruptcy with the only thing keeping them afloat being the availability of cheaper imported crap. It started with cheap crap made overseas by foreign companies. It wasn't American companies closing shop here and opening there just to make crap and then sell it in America. The majority of that came later. I think Bober was right, you do have willful ignorance

History refutes every one of your lying words.

How can you live being so wrong?

 

[IndyColtsFan]

How can you live being so wrong?

Yeah, it is almost like he predicted $10/gallon gas or something. What retarded tool would do that?

 

[soulcougher73]

A CEO no longer runs a factory of a few hundred people. They run international corporations with tens of thousands of employees. The amount earned per employee from small business to international conglomerate isn't all that different, it's just a matter of scale. Companies are simply bigger now. Do you really think it's realistic that the CEO of a company with yearly revenues nearing half a trillion dollars would only make $500K/yr just because the janitor only makes $15k/yr?

If you want to talk about companies getting too big, that's an interesting discussion. But just talking about wealth disparity because a handful of people run extremely large companies is not productive.

They could be nice with their trillion dollars and bump up the janitors salary to 40k (as well as the rest of the employees that worked hard to make them that money) and the CEOs to 1.6 million