Red Hot Take: The American Ruling Class and Its Depravities
Rev Left Radio
00:00
The Fta Shut Down of Abbot Labs
Abbot laps was engaged in stock bibacks, meaning the profit they make as a company was not put into re invested in the production facility. The five pomese here the exact amount, five point seven three billion dollars was spent on stock bybacks. This is a mechanism by which companies stuff money into the pockets of their shareholders. So you literally have a situation in which a company uses its profits to stuff the pocket of their shareholders while neglecting safety and cleanliness of their own facilities.
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