How American CEOs got so rich

  • Publicado el Hace un mes

    VoxVox

    duración: 10:08

    For a long time, it was off-limits for a corporation to buy back its own stock. Not anymore.
    Become a Video Lab member! bit.ly/video-lab
    American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?
    To learn more about stock buybacks, General Motors, and the Lordstown GM plant, check out the following sources:
    William Lazonick, Harvard Business Review: Profits Without Prosperity (hbr.org/2014/09/profits-without-prosperity)
    Irina Lendel, Melissa Piazza, Matthew Ellerbrock, Cleveland State University: Lordstown GM Plant Closure Economic Impact Study (engagedscholarship.csuohio.edu/cgi/viewcontent.cgi?article=2594&context=urban_facpub)
    Emily Stewart, Vox: Walmart is paying $20 billion to shareholders. With that money, it could boost hourly wages to over $15. (www.vox.com/business-and-finance/2018/5/25/17379730/walmart-stock-buyback-worker-wages)
    Jane G. Gravelle and Donald J. Marples, Congressional Research Service: The Economic Effects of the 2017 Tax Revision: Preliminary Observations (www.everycrsreport.com/files/20190522_R45736_8a1214e903ee2b719e00731791d60f26d75d35f4.pdf)
    Stephen Mihm, Bloomberg: How Stock Buybacks Ambled Into Stardom (www.bloomberg.com/opinion/articles/2019-07-24/stock-buyback-history-is-a-mess)
    Lawrence Mishel and Julia Wolfe, Economic Policy Institute: CEO compensation has grown 940% since 1978 (www.epi.org/files/pdf/171191.pdf)(Economic Policy Institute)
    Irina Ivanova, CBS: GM bought back $10 billion in stock since 2015, double what job cuts will save (www.cbsnews.com/news/gm-bought-back-10-billion-in-stock-since-2015-double-what-job-cuts-will-save/)
    Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out www.vox.com.
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Jarosław Kowalchuk
Jarosław Kowalchuk

At the expence of the working class... no way

Hace un día
Ernest
Ernest

The common man in the US getting coned by Republicans once again, history repeating itself

Hace 5 días
Kammy Undieh
Kammy Undieh

The love of money is the root of all evil. Period.

Hace 6 días
Pan Lis
Pan Lis

They used EEEEEEEEVIL CAPITALISM to opress poor whamen and black people because as we all know capitalism is evil racist sexist system where you get paid for beating up whamen and killing black people

Hace 6 días
Petar Stamenkovic
Petar Stamenkovic

Do yourself a favor and seek out an economy freshman. They are far more likely to know how to spell the word economy and maybe even know something about it in comparison to Vox. Listening to crickets will make you more knowledgeable about the economy than listening to this video. You may not know any more after listening to crickets, but at least you won't be lied to - consciously or not.

Hace 6 días
Kevin Culver
Kevin Culver

sanders is an independent

Hace 6 días
pi_flavoUr
pi_flavoUr

The EQ on the voiceover hurts my ears

Hace 8 días
MrManifolder
MrManifolder

Bernie Sanders is the only candidate who can actually be trusted to do something about our unsustainable path toward the destruction of our republic and our planet. Under trustworthy, focused, and aggressive leadership, a grassroots people's movement can exert the necessary pressure upon politicians to twist their arms into participating in progress. The establishment has proven its unwillingness to negotiate. It's Bernie or we're busted.

Hace 8 días
YodaGrammar l
YodaGrammar l

Trump: "China, Mexico, and EU are taking advantage of us!"

Hace 8 días
Cruz Herrera Channel
Cruz Herrera Channel

Is this a commercial for another recession? Recession the Second.

Hace 10 días
nacha laica
nacha laica

good videos like this is what im subscribed. Hopefully though you wont get bought by a politician again like when you made a video for hillary.

Hace 10 días
stefan x
stefan x

Before watching the video: by stealing money from the opressed ppl.

Hace 11 días
fgfgfgf drtduud
fgfgfgf drtduud

So much for the high IQ economy.

Hace 11 días
fgfgfgf drtduud
fgfgfgf drtduud

By buying back their own stocks. It used to be illegal.

Hace 11 días
Jeremiah White
Jeremiah White

Vox hates all people

Hace 13 días
Alex B
Alex B

Let's be honest, if you were a CEO in that position, you would do the same. I don't like how people act like CEO's are demons when the real problem is the lack of rules restricting them. Also don't act like an angel and be like "well if I were the CEO id do ____". The fact of the matter is that all of us would do the same.

Hace 13 días
Shaun Riley
Shaun Riley

How they got so rich...... The Market said, you deserve! Make more, thank you!

Hace 13 días
Kxiing __
Kxiing __

5:00 no one is forcing them to work their. They can leave and get another job

Hace 13 días
Irish Eggs
Irish Eggs

there*

Hace 11 días
Pronto
Pronto

Does GM make cars? I thought they made breakfast cereal...

Hace 14 días
Fei_Ling Bob
Fei_Ling Bob

An investment banker makes it so investment bankers make more money at expense of the people... huh. Weird An oil CEO changes environmental protection laws so oil companies make more money at the expense of the people... huh. Weird And worse, these people get appointed so voters don’t have a say

Hace 15 días
Sicao is dead
Sicao is dead

It's bad.

Hace 15 días
M Boychi
M Boychi

"GM returned more profits to shareholders than VW and toyota" thats awesome! Who do you think holds stock. Employees, and the American middle class. Almost anyone who has a 401k, IRA, or has a company stock option. State of california employee pension plans, ect ect.

Hace 16 días
TheMrarrie18
TheMrarrie18

I think the shift towards the rich in the wealth distribution is just a long evolution/development of the wealthy to take it as far as possible. Only legislation can stop it. Also, wouldn't the Workers' board member be bribed immediately by the CEO's or make that person slowly one of them?

Hace 16 días
this account isn't real
this account isn't real

oh you meant exploiting poor people? who would have thought

Hace 16 días
E2
E2

This is how a 100% free market works.

Hace 16 días
M R
M R

Stop complaining and start a company

Hace 16 días
Chuck Eller
Chuck Eller

So should Oprah Winfrey be held to these same standards and give up all of her billions too? What about millionaire athletes? What’s the cut off limit for who is evil nowadays?

Hace 17 días
Erin DeNisi
Erin DeNisi

The question now is whether America will vote for Elizabeth Warren or Bernie Sanders

Hace 17 días
Jonah
Jonah

CEOs fail to realize that they'll make more money when the working class has more money to spend

Hace 17 días
slantize
slantize

And yet people diss bitcoin

Hace 18 días
Austin Martín Hernández
Austin Martín Hernández

Other people are rich? OMG! THAT'S NOT FAIR! THAT MONEY SHOULD GO TO ME! 😭😭😭 Selfish people. If they got the money playing fair game, then why should you care? Don't go saying that they got it illegally because that's not what most people are arguing. Most people are just jealous. Anyone can be successful. Most people though just choose to waste their money by using credit cards or taking out a worthless loan for a brand new car to show off or choosing to have children while working at McDonald's, like 6 of my cousins... I don't care how much money other people have. That's not my business.

Hace 18 días
TheGrandOptimist
TheGrandOptimist

It IS the business of people when their income has shrunk and not keeping up with inflation. CEO's and their companies in the 1950's were doing extremely well before buybacks and workers made a decent living compared to what we have today. It's selfish to have politicians write your tax laws so you can earn more and give less to your workers. It's selfish for them to push for more free trade deals, so they can move to China or Mexico and leave American workers unemployed. Why do you think these laws were made in the first place? Do you want another great depression?

Hace 2 días
Sylvia Lopez
Sylvia Lopez

VOX is my hero!

Hace 18 días
Curtis Carpenter
Curtis Carpenter

Marginal revenue productivity, profit sharing and employee owned companies you need to think about these things. There should be laws which stop an prevent things like what happened at GM.

Hace 19 días
J M8
J M8

Monopoly simple answer

Hace 19 días
Shyen
Shyen

Man, idk, maybe exploiting man power and underpaying everyone?

Hace 20 días
Steph Mo
Steph Mo

😂 Trump supporters

Hace 20 días
Chris Yeh
Chris Yeh

It's not at all surprising that Reagan appeared in this video.

Hace 20 días
5122jeff
5122jeff

WORKING AS INTENDED, NOTHING TO SEE HERE

Hace 20 días
Shane C
Shane C

Trump has only been president for 3 years, Detroit and US manufacturing was decimated long before he was president, even look at the buyback chart for GM on this video the peak of the buybacks were during the Obama years, but hey lets blame Trump, but I do agree most of CEOs today purposely destroy the companies under there charge for a short term profit.

Hace 20 días
Tiberal
Tiberal

trump good president, because he conservator(not left-man)

Hace 18 días
Stephen Furr
Stephen Furr

5:51 Wow! I want one of those 1966 Pontiac Firebirds that looked like a Pontiac GTO.

Hace 21 un día

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