How American CEOs got so rich

For a long time, it was off-limits for a corporation to buy back its own stock. Not anymore.

American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?

To learn more about stock buybacks, General Motors, and the Lordstown GM plant, check out the following sources:

[eostyrwinn]

"The economy now looks a lot like it did in the 20's"
Alright, nothing ominous about that

[mattyandsean]

Imagine trusting corporations to do the right thing without being forced to

[malacki]

You’re extremely naive if you think you can trust mega-corporations to do the right thing without being forced

[rdpll]

And millions of Americans thought electing a billionaire would improve their lives ...

[JMS_Hunter]

Uh... Economy looks like the 20's again? We should be worried about that.

[rajdeepkashyap]

"How American CEOs got so rich?"
CEOs: the secret ingredients is crime

[wakaneut]

I don't get this "CEO-worship" culture in America.

[BookofFuture]

Who else is still waiting for the tax cut benefits to trickle down?

[Xeonerable]

Toyota: "Hey guys we're here to make money but also make good cars"
GM: "FFUGGGEEEN

[SD-tjdh]

It's time to get Karen to speak to the manager.

[frodo]

Marco Rubio’s so smart he is willing to give more tax breaks to fix the problems his previous tax breaks created. A truly Florida man. God willing we’ll vote that joke out of congress next year.

[internetperson]

"If we lower taxes, business will pay their workers more"
"So couldn't we just use the taxed money as a grant for workers?"
"No"

[SaltySparrow]

Boomers: WORK HARDER YOU LAZY BUMS
Millenials: *Blank stare into bowl of rice*

[illuminatvee]

Every time I watch vox videos I'm struck by how visually and audibly appealing they edit the videos to be. Very well done.

[pachho]

How to stop this:
1: Ban Buybacks
2: Up the minimum wage
3: Have a mandatory quota for workers on the Company Boards

[alexwschan]

Immediately when seeing the video: Wait, isn't buying your own stock like illegal?


Then: ohh....

[blemone]

How American CEOs got so rich: taking advantage of the working class

[burpiii]

3 rules to get rich:
1. Don't pay taxes
2. Don't pay taxes
3. Repeat

[crozraven]

7:49 yeah, like that ever happened. the very thought that most rich people would do a fair things instead of succumb to greed is so freaking asinine & downright appalling.

[zeromailss]

The easiest way to make money is to have money

The one making decisions are always the people that have the most money, so of course they will find a way to make it so that they get the most profit