Tuesday, November 22, 2011

Companies Lay Off Workers While Spending Billions On Share Buybacks To Enrich Executives

Companies Lay Off Workers While Spending Billions On Share Buybacks To Enrich Executives: pEven as Republicans and CEOs of major companies complain that taxes are stifling job creation, corporations have been sitting on trillions of dollars in cash reserves, at some of the highest levels on record. The New York Times this morning notes another wrinkle in this story, pointing out that some companies have been laying off [...]/p