Tag: stock buybacks

The Facts on GM Stock Buybacks

Over the past weeks, General Motors has tried to tell the American people that their decision to close plants in Michigan and Ohio, lay off thousands of workers, and ship jobs overseas was necessary in order to keep their company profitable. This could not be further from the truth. Hard-working men and women have labored tirelessly to make 2018 an extremely profitable year for GM. Thanks to them, the company is now on pace to net over $10 billion in profits for this year alone. Instead of using these profits to expand American manufacturing, create good-paying jobs, or reinvest in ... Read more