I mentioned this video in another comment but I thought it was informative so sharing here:
“The truth about Zohran’s free busses” by Breaking Points:
https://www.youtube.com/watch?v=P275SobdE-s
clickbait headline (of course) but gives a lot of facts about the proposal and talks about other places they’ve tried it.
That’s true in NYC today
“The truth about Zohran’s free busses” by Breaking Points:
https://www.youtube.com/watch?v=P275SobdE-s
clickbait headline (of course) but gives a lot of facts about the proposal and talks about other places they’ve tried it.
Their function is to maximize profit. I doubt they think about their company's position in society often if at all.
But there are many factors. Allowing stock buybacks is definitely one of those.
If I'm reading this chart right they're spending about $500M/quarter on buybacks? https://www.financecharts.com/stocks/MCD/cash-flow/repurchas...