Comment on UAW Rips 'Corporate Greed' of John Deere as Mass Layoffs Follow $43 Billion in Stock Buybacks

• SupraMario@lemmy.world ⁨4⁩ ⁨months⁩ ago

  It will, most farmers have already started stepping away from deere equipment, the repair lockouts are what statted it. This is going to make it worse.

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  • OneOrTheOtherDontAskMe@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Yeah, if the share price goes down due to change in public sentiment and buying habits, the stock buyback essentialh wasted money.

    But if the price remains steady or goes up in any nominal way, the stock buy back nets them tons of cash. If steady, not tons of cash but plenty of ‘control’ of corporate direction.

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