Stocks are straight up fraud. All fake “value” and based on nothing real or tangible.
GM has increased their EPS by 50% over the past 4 years. That 40% increase actually seems appropriate, although I think the amount is too high. Basically it started from too high a number, but 40% seems ok.
She is not in charge of the stock price. Her job is to make sure they make money. She has done that.
IHaveTwoCows@lemm.ee 1 year ago
Chetzemoka@startrek.website 1 year ago
Yes but one of the primary ways corporations are making money these days is by not hiring enough workers and not paying current workers 3x the salary even though they’re expected to do the work of 3 people
KevonLooney@lemm.ee 1 year ago
Do you think JP Morgan or Andrew Carnegie were generous with their workers? Only when they had to be.
Chetzemoka@startrek.website 1 year ago
(I’m really referring to times since the modernization of stock valuation since the other comment refers to technical financial data like EPS.)
KevonLooney@lemm.ee 1 year ago
I wrote that comment. EPS isn’t technical, it’s just the amount of profit made per share. It existed when Andrew Carnegie was around.