That’s just the exorbitant profit that they put into stock buy backs. And if they spent half of that on buybacks and gave every employee a 10k bonus I’m sure opinions of them would be a lot more favourable.
They could easily cut back some of their “profit” to pay people better
Yes, I don’t disagree that it should have gone to employees, just wanted to be clear that $10 an hour wasn’t quite accurate. I’m sure a one time yearly bonus would be just as much appreciated and needed.
That’s just the exorbitant profit that they put into stock buy backs. And if they spent half of that on buybacks and gave every employee a 10k bonus I’m sure opinions of them would be a lot more favourable.
They could easily cut back some of their “profit” to pay people better
Yes, I don’t disagree that it should have gone to employees, just wanted to be clear that $10 an hour wasn’t quite accurate. I’m sure a one time yearly bonus would be just as much appreciated and needed.
They also paused stock dividends for COVID 3 years ago and only resumed it now at 9¢ instead of 38¢
And their 2022 gross profit was nearly 21 billion dollars. That’s an extra 60 dollars an hour for every employee
They have the money.