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Mon Jul 30, 2018, 08:50 AM

'Eye-popping' payouts for CEOs follow Trump's tax cuts [View all]

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

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Reply 'Eye-popping' payouts for CEOs follow Trump's tax cuts [View all]
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