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submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml
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[-] Filthmontane@lemmy.world 1 points 1 year ago

A number that isn't taken into account is GM spent $3.4 billion in stock buybacks in the last 12 months. They count this as operating expenses even though it only serves to artificially inflate their share prices so they can pay dividends to shareholders. A truly unnecessary expense that could be used for workers.

this post was submitted on 01 Oct 2023
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