That works out to 2.5 million per job.
This is not the first time this type of thing happened almost looks like a laundering scam. Companies that do this should face real and very expensive consequences. But we know that will never happen.
This is not the first time this type of thing happened almost looks like a laundering scam. Companies that do this should face real and very expensive consequences. But we know that will never happen.
The important takeaway is not only did the consumer pay more, but corporate profits rose.
https://bfi.uchicago.edu/wp-content/uploads/BFI_WP_201961-1....
Short answer: no.
The government just gave money to every executive in the company, and your argument is that because the company stock is also held by pension funds, they were supporting pension funds? Makes little sense.
Just giving the money straight to the pension funds would be much more efficient. This method enriches a bunch of non-contributors along the way.
If you're claiming otherwise, it would be fascinating to see the evidence.