The 100 lowest-paying major US corporations spent $522B on stock buybacks from 2019 to 2023. Buybacks artificially boost share prices and inflate CEO pay. The typical worker at these companies earned just $34K last year. Meanwhile, the average CEO was paid a whopping $14.7M.

"The 100 lowest-paying major US corporations spent $522B on stock buybacks from 2019 to 2023. - The typical worker at these companies earned just $34K last year. It would be a start (only) if CEO salary was limited to 100 times the lowest paid in the company. It is still much more than plenty.

Psychologists call this behavior “hoarding “. They’re not much different than people who have a house full of trash bags filled with unwanted beanie babies. They can never have enough money.