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Old 05-01-2018, 07:32 PM
 
Location: Boston
5,097 posts, read 1,453,831 times
Reputation: 3734

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I don't tell corporations what to do with their money because it's theirs, not mine.
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Old 05-01-2018, 11:30 PM
 
636 posts, read 453,740 times
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I work for a tech company which has layoffs like clockwork. This year, we have not seen layoffs (hope I don't jinx that). The company did show an interest in the tax cuts, which did lead one employee to have a moral dilemma on an internal discussion board. I guess he was so carried away with the company's efforts to be hip and relevant that he forgot he works for a place that others would like to call a greedy corporation.

We haven't done anything like pay $1000 bonuses. I guess that would be an insult to hand out "crumbs", but skipping the layoffs that happened the previous six years (including two years without raises for anyone) is a welcome change in the way we do business, and the most logical explanation is the tax cuts.
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Old 05-02-2018, 04:42 AM
 
3,458 posts, read 1,978,113 times
Reputation: 7848
Quote:
Originally Posted by skeddy View Post
I don't tell corporations what to do with their money because it's theirs, not mine.
But I expect whether working for or owning stock of, that you do expect them them to give you some of their money, in pay or in dividends.


And if you were on their board, you might just have to decide how to dole out that money.

Conversely then, I don't have to give a corporation any of my money by buying their products and or services.


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Old 05-02-2018, 05:09 AM
 
Location: Boston
5,097 posts, read 1,453,831 times
Reputation: 3734
Quote:
Originally Posted by galaxyhi View Post
But I expect whether working for or owning stock of, that you do expect them them to give you some of their money, in pay or in dividends.


And if you were on their board, you might just have to decide how to dole out that money.

Conversely then, I don't have to give a corporation any of my money by buying their products and or services.


I would hope they would re-invest the money into the company, not issue me a check.
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Old 05-02-2018, 09:52 AM
 
2,359 posts, read 3,026,727 times
Reputation: 4591
Quote:
Originally Posted by hitpausebutton2 View Post
Im not expecting it to be a immediate fix or result, but when it goes in affect and they start posting profits in their earnings base on this, and laying off people at the same time. Thats when you start to question them. Are they hording the tax break to give that CEO a new home?
The funny thing is unemployment is low. Job growth is strong. As a business owner, I am having more trouble finding quality employees than ever because they are all already working. So what that all means is there is going to be upward pressure on wages in the near future. I don't know of anyone that has been laid off this year. I know a bunch of them that have gotten raises and gotten better paying jobs though.
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Old 05-02-2018, 10:06 AM
 
6,996 posts, read 6,629,325 times
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The fake unrepatriated offshore cash was invested in US financial assets. The companies issued bonds to finance share buybacks. Now the financial assets are being sold to pay down the debt and finance future share repurchases.

https://www.zerohedge.com/news/2018-...d-implications

The corps get a writeoff for buybacks to compensate their employees while avoiding a hit to their reported EPS. As much as 30-40 percent of large cap tech employees' compensation is financed using stock grants and buybacks.
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Old 05-02-2018, 10:21 AM
 
2,240 posts, read 1,385,700 times
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Quote:
Originally Posted by lchoro View Post
The fake unrepatriated offshore cash was invested in US financial assets. The companies issued bonds to finance share buybacks. Now the financial assets are being sold to pay down the debt and finance future share repurchases.

https://www.zerohedge.com/news/2018-...d-implications

The corps get a writeoff for buybacks to compensate their employees while avoiding a hit to their reported EPS. As much as 30-40 percent of large cap tech employees' compensation is financed using stock grants and buybacks.
Yep, I’m sure the folks over at zerohedge are all over the APB 23 exceptions under asc 740 for unrepatriated earnings. Some of the best and brightest are working over there!
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Old 05-02-2018, 10:29 AM
 
828 posts, read 955,473 times
Reputation: 1689
Quote:
Originally Posted by galaxyhi View Post
In the 80s I worked retail at 3+ x minimum wage, if I were to get what I was getting then equally today, I'd be making about at least $30/hr. Try and get that out of Wal-Mart.
I'm making the same I was in 1989, and I'm at about minimum ( in my case on purpose, but if I WAS making $30 / hr, that purpose would go away). Point is retail was never " lucrative", but it did pay closer to a living wage back then. Heck I'd settle for the sometimes elusive $15/hr and would be tickled to get $20. But it won't happen voluntary by businesses.
So what law was forcing businesses to pay that wage back in 1989?
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Old 05-02-2018, 11:50 AM
 
4,328 posts, read 4,425,337 times
Reputation: 3308
Quote:
Originally Posted by galaxyhi View Post

In the 80s I worked retail at 3+ x minimum wage, if I were to get what I was getting then equally today, I'd be making about at least $30/hr. Try and get that out of Wal-Mart.
I'm making the same I was in 1989, and I'm at about minimum ( in my case on purpose, but if I WAS making $30 / hr, that purpose would go away). Point is retail was never " lucrative", but it did pay closer to a living wage back then. Heck I'd settle for the sometimes elusive $15/hr and would be tickled to get $20. But it won't happen voluntary by businesses.
Man that's awesome, because when I was working in retail in the late 90s in a union shop (nonetheless) I was making minimum wage ($5.15/hr) and I had to pay union dues each week as well, so technically I was making below minimum wage.
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Old 05-02-2018, 01:17 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
Reputation: 4206
Quote:
Originally Posted by jrkliny View Post
Money is not going back to the working population unless businesses expand. Some businesses are expanding. Others are going bankrupt or are cautious about expanding.
They can't expand in aggregate unless consumer buying power improves. The corporations getting more money doesn't improve that. Higher real wages are required. Or higher debt, but how far can that go? Simple math.
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