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Matt House @mattwhouse
, 8 tweets, 2 min read Read on Twitter
Lots of focus on the AT&T announcement today. Let's leave aside the fact that they have a merger pending before President Trump's Justice Department.

In recent days, huge corporations have announced stock buybacks, not higher wages, worth tens of billions.

Here are a few...
Home Depot bought back shares worth $15 billion earlier this month. Not an increase in workers wages or a new job created. wsj.com/articles/home-…
Oracle bought back shares worth $12 billion earlier this month. Not an increase in workers wages or a new job created. investor.oracle.com/financial-news…
Pfizer bought back shares worth $10 billion earlier this month. investors.pfizer.com/investor-news/…
B of A bought back shares worth $5 billion earlier this month. That's not jobs or higher wages. cnbc.com/2017/12/05/ban…
United Airlines bought back $3 billion in shares this month. That's not better jobs or higher wages. prnewswire.com/news-releases/…
T-Mobile bought back $1.5 billion in shares this month. Not better jobs or higher wages. cnbc.com/2017/12/06/t-m…
Humana, Mastercard, Anthem and many others all bought back hundreds of millions or billions in stock. The windfall goes to stock buybacks, dividends and CEO bonuses.
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