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Mon Jul 30, 2018, 08:50 AM

'Eye-popping' payouts for CEOs follow Trump's tax cuts

Source: Politico



The insider sales feed the narrative that corporate tax cuts enrich executives in the short term while yielding less clear long-term benefits for workers.

By PATRICK TEMPLE-WEST and VICTORIA GUIDA 07/30/2018 05:00 AM EDT

Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.

A POLITICO review of data disclosed in SEC filings shows the executives, who often receive most of their compensation in stock, have been profiting handsomely by selling shares since Trump signed the law on Dec. 22 and slashed corporate tax rates to 21 percent. That trend is likely to increase as Wall Street analysts expect buyback activity to accelerate in the coming weeks.

“It is going to be a parade of eye-popping numbers,” said Pat McGurn, the head of strategic research and analysis at Institutional Shareholder Services, a shareholder advisory firm.

That could undercut the political messaging value of the tax cuts in the Republican campaign to maintain control of Congress in the midterm elections.


Read more: https://www.politico.com/story/2018/07/30/eye-popping-payouts-for-ceos-follow-trumps-tax-cuts-747649

13 replies, 2695 views

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Reply 'Eye-popping' payouts for CEOs follow Trump's tax cuts (Original post)
DonViejo Jul 2018 OP
WePurrsevere Jul 2018 #1
bronxiteforever Jul 2018 #3
turbinetree Jul 2018 #5
FakeNoose Jul 2018 #6
Bengus81 Jul 2018 #10
duforsure Jul 2018 #2
Snellius Jul 2018 #4
joshcryer Jul 2018 #12
maxrandb Jul 2018 #7
TomCADem Jul 2018 #8
Bengus81 Jul 2018 #9
joshcryer Jul 2018 #11
mwooldri Jul 2018 #13

Response to DonViejo (Original post)

Mon Jul 30, 2018, 09:03 AM

1. "Eye popping" perhaps but not surprising to...

Those of us who know "trickle down" is BS.

The most annoying thing is that there are suckers who still buy this Republican lie. It's like Lucy holding the football for Charlie Brown only Lucy is a lot more likable than Republicans and Charlie Brown is smarter then Cult45 twits.

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Response to WePurrsevere (Reply #1)

Mon Jul 30, 2018, 09:26 AM

3. +1

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Response to WePurrsevere (Reply #1)

Mon Jul 30, 2018, 10:35 AM

5. +1

Really tired of "trickle down" economics for the last 45 + years
Can democracy survive Global Capitalists?............

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Response to WePurrsevere (Reply #1)

Mon Jul 30, 2018, 10:59 AM

6. There will never be a trickle



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Response to WePurrsevere (Reply #1)

Mon Jul 30, 2018, 12:01 PM

10. When a ZERO PERCENT tax rate for Coporations in Kansas didn't create any jobs.........

and went on for about four years you know this Trump BS tinkle down is going nowhere. Now KKKobach running for Gov wants to implement the same FAILED Sam Brownback tax cut as soon as he's elected Governor.

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 09:16 AM

2. trump and republicans are desperately claiming

Their tax scam helped the working people in this country , when the reality is it didn't and was designed to help the top wealthiest people in this country. Just look how they reinvested in their companies to boost their own gains with their stock making it increase in value. Just look at the percentages used to boost their stock prices , and the amounts used to boost wages, its very telling who is lying to the American people, trump and the russian party. Just another trump and republican scam, while they are destroying health care for everyone, and set to destroy the Social Security system , and probably rob from it again soon.

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 10:14 AM

4. And who pays? Eventually we do.

The rich always justify their wealth by saying they pay more taxes. But the benefits from those taxes go mostly to the rich.

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Response to Snellius (Reply #4)

Mon Jul 30, 2018, 12:48 PM

12. Their end goal is a government default and dismentalting of social services.

What they don't comprehend is that the vast majority of government is local and without a strong federal government people will revolt against them.

edit: I meant dismantling, but "dismentaling" seems to be just as appropriate, so I'm leaving it.

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 11:15 AM

7. Just a couple "Hard Working Middle-Class Folks" here

From the Article:

- Oracle CEO Safra Catz sold $250 million worth of shares in her company — the largest executive payday this year.

- Product development head Thomas Kurian sold $85 million.

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 11:32 AM

8. GDP Is Growing, but Workers' Wages Aren't

Even as Republicans plunge the Country deeper into debt to goose the GDP, American workers are losing ground under Trump close to a decade after the Great Recession. Note in the graph that in 2011, House Republicans instituted austerity measures after winning control of Congress even as the Nation was climbing out of recession. In sharp contrast, even as the Nation is near full employment, Republicans passed massive tax cuts under Trump, which benefit the rich but with no real benefit to workers.

https://www.americanprogress.org/issues/economy/reports/2018/07/26/454087/gdp-growing-workers-wages-arent/





President Donald Trump recently said that the U.S. economy is “stronger than ever before” and points to his tax plan as one of the major reasons why. But the fact is that workers are not getting ahead in the Trump economy. Official data released in recent weeks have shown that workers’ wages are flat or even slightly down, in real terms, over the last year.2 These data fly in the face of many tax plan boosters who have claimed that the bill’s passage has already been a boon to middle-class workers.

This Friday, the U.S. Department of Commerce will release its first estimate of the nation’s economic output in the second quarter of 2018. For a number of reasons, second-quarter gross domestic product (GDP) growth is expected to be relatively strong. But one quarter’s GDP estimates hardly indicate that the economy is experiencing the sustained, broad-based growth that tax cut proponents promised would happen. Indeed, as the wage data show, the economy’s gains have not trickled down to regular workers. In fact, President Trump’s policies have only made it harder for them to get ahead.

GDP growth is the biggest-picture view of the economy; it’s important for macroeconomists who focus on long-term shifts in what the U.S. economy produces. GDP, however, is only one measure of economic progress, so its effectiveness at measuring workers’ well-being is limited. In the modern economy, benefits are shared unequally. As economic benefits have gone increasingly to those at the top, overall economic growth tells us less than it once did about how the living standards of all Americans are changing. To be sure, economic growth is an important goal, but it’s naïve to ignore the growing disconnect between changes in economic output and living standards for the vast majority of workers—especially when there are much more applicable measures of how workers are faring.

Outside of the very wealthy, virtually all working Americans’ income and standard of living is determined by wages. Unfortunately, wage growth has been at best mediocre for most of the last four decades. Since the Great Recession, nominal wage growth has been worryingly low, exceeding 2.5 percent only a handful of times through the end of 2017—growing barely faster than inflation.3 But with the unemployment rate continuing to fall, many experts predicted workers were poised to finally see gains outpace inflation this year. That hasn’t happened. In fact, when adjusting for inflation, wages have actually fallen this year. It’s not that wages haven’t ticked up at all—they have, in part due to increases in the minimum wage. But even with slightly faster nominal wage growth, workers have lost ground because inflation has picked up more than wage growth.



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Response to DonViejo (Original post)

Mon Jul 30, 2018, 11:58 AM

9. Gosh CEO's banking zillions because of the Trump tax cut...I'm sooooo shocked.

And of course the brain dead Trump lovers will NEVER admit they didn't get JACK out of this Corporate give away or if they did it was a bonus that is already gone and looking for a meaningful raise that will NEVER happen.

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 12:45 PM

11. But Obama extended Bush's tax cuts, so we could get unemployment benefits...

...because he didn't have control of the House or Senate.

Remember that?

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Response to DonViejo (Original post)

Mon Jul 30, 2018, 04:48 PM

13. Time for some windfall taxes IMO...

Just sayin'..

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