| disappr. |
cite the example of (In the first half, Les Leopold, the director of two non-profits, discussed how corporations in the US have used mass layoffs and stock buybacks to enrich shareholders at the expense of employees and how the impact of this financial strip mining and legalized looting is destroying the integrity of democratic institutions. The deregulation of Wall Street and an emphasis on greed created this situation, he noted, citing the example of Bed, Bath, & Beyond, where investors made gigantic stock buybacks, and this eventually led to the collapse of the company, where 30,000 people lost their jobs. (coasttocoastam.com) ART Vancouver) |
