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U.S. companies criticized for cutting jobs rather than investor payouts

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U.S. companies laying off workers in response to the coronavirus pandemic but still paying dividends and buying back shares are drawing criticism from labor unions, pension fund advisers, lawmakers and corporate governance experts.

) have all laid off staff, cut their hours, or slashed salaries while maintaining payouts, according to a Reuters review of regulatory filings, company announcements and company officials.

“We continue to take decisive actions to protect financial and liquidity positions,” Royal Caribbean spokesman Jonathon Fishman said. He declined to comment specifically on the layoffs or shareholder payouts. “If companies are paying dividends and doing buybacks, they do not have to lay off workers,” said William Lazonick, a corporate governance expert at the University of Massachusetts.

About 95% of its U.S. restaurants are run by franchisees who decide staffing. McDonald’s said it was offering rent deferrals and other help to keep franchises open and employing workers.

 

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. has been allowed to remain in China, while the .nytimes .washingtonpost & WSJ were kicked out. Believe nothing from Reuters

Is this called... Greed? 🤔

Why are we surprised? Isn’t this what the big “job creators” did the last time, too? Trickle down economics doesn’t work. It never has & it never will because greed is at play.

Do you still like Gordon Gecko today?

trumpcrimefamilyforprison

'The American Way'

These companies need to have investors, they must think about the future of their business. More jobs will be created when things turn around, but investors will hold a grudge))

🤔 I wonder if we could have seen that coming...

.oyorooms ...

Shareholders Employees. Sadly, This is Capitalism 101.

Hello, I'm shishir Ahmed. I am a certified Google AdWords PPC expert with 2+ years PPC advertising experience.

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