[VIDEO] How American CEOs Got So Rich

October 24, 2019

This in-depth video explains how stock buybacks work and why they have possibly contributed to rising income inequality over the years. Along with providing a detailed history of this controversial practice, the video also takes a close look at the closing of GM’s factory in Lordstown, Ohio. 

Questions:

  1. Do you think lawmakers should pass regulations against corporate stock buybacks? Why or why not?
  2. How did the closing of GM’s Lordstown factory affect the community as a whole?

One Response to [VIDEO] How American CEOs Got So Rich

  • I think lawmakers should pass regulations against corporate stock buybacks. I believe this because one if they’re are less stocks to sell that means they are sold at a higher price. If company’s are being unethical and buying Stock to mislead people it could mean they will lose a lot of money while the corporate positions gain. A good example would be the CEOs that stood rich during the depression.

    The closing of GMs Lordstown factory affected the community buy lay offs. Many people were let go due to company dropping to fourth. This means many people out of jobs which affects their financial stability at home and hardship. This act also affects the involving partners. No work means they too have to do lay-off and eventually close.

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