Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor Companies

Semiconductor companies spent a collective nearly $250 billion on stock buybacks between 2011 and 2020, she noted.

A group of Democratic and progressive lawmakers is urging the U.S. Department of Commerce to ban corporations that are receiving money from a recent congressional subsidy bill from conducting stock buybacks for at least a decade, as companies are increasingly using stock buybacks to enrich shareholders and executives amid high inflation. In a letter sent to the Commerce CHIPS program office...

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-13T05:13:19+00:00) » Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor Companies. Retrieved from https://radiofree.asia/2023/02/14/warren-calls-for-ban-on-stock-buybacks-by-subsidized-semiconductor-companies/.
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» Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor Companies | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/02/14/warren-calls-for-ban-on-stock-buybacks-by-subsidized-semiconductor-companies/ | 2024-05-13T05:13:19+00:00
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