I think it's more of a critique of the current corporate culture. Shareholders don't make the company, employees do.
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Management (which has effectively captured equity power from shareholders) makes a company. Not regular employees. Several studies have shown that stock buybacks often occur in a manner that maximalizes return to management.
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Bless his socialist heart
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Tax code should be neutral on capital direction. Other than that he's probably wrong.
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Even if it's not, companies that don't periodically reinvest in their products, workers, or both will fall prey to those that do.
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Is he trying to out-AOC AOC ?
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You can maximize ROI by forming trusts, paying your employees in scrip, and skimping on safety equipment. Corporate charters are issued by the government. We get a say. Stop making a golden calf of ROI.
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