Thursday, March 30, 2017
Corporate Cash to Enrich Executives
Corporate executives learned financial engineering from the greed and leverage boys. Companies plan to use $2.5 trillion in cash for strategies that boost their pay. Those strategies include cash for share buybacks, dividends and buyouts. Capital expenditures and research/development have decreased as executives sent a greater percentage of corporate cash toward financial engineering.
Employees know how little of this cash trickles down in the way of wage and benefit increases. The sad thing is employees helped generate the $2.5 trillion cash mountain. Executives sometimes offer words of gratitude but those ring hollow.
We are not all in this together. The top are in it for themselves. Cash use is a reflection of such management greed. At least 60% suggests it.
Posted by PEU Report/State of the Division at 8:41 PM