CEOs Focus on Stock Buybacks

This is a US news story, published by Guardian, that relates primarily to Anderson news.

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CEO pay

Guardian

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CEOs with lowest-paid US workers ‘focused on own short-term windfall’ – report

Summary

Nutrition label

84% Informative

Between 2019 to 2023 , the 100 largest low-wage employers in the US spent $ 522bn on stock buybacks.

Lowe’s and Home Depot spent the most, with Lowe spending $42.6bn and $ 37.2bn .

AutoZone and Chipotle topped the gap among employers, with AutoZone spending 92 times more than on employee retirement contributions.

“We should see the narrowing of the gap between CEO and worker pay at these low-wage companies as a reflection of the struggles that low-wage workers have taken on in recent years ,” concluded Anderson , citing victories for minimum wage increases and successful organizing efforts. “At the very bottom of our country’s wage scale, we have seen some improvement. Most of those workers still haven’t been able to get their heads much above the inflation level, but it’s at least more positive than we have seen in some past years .”.

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Informative language

Neutral language

Article tone

semi-formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful