Senator Brown Plans To Curb Stock Buybacks, Create ‘Worker Dividend’

Brown To Unveil Major New Legislation To Curb Stock Buybacks, Create ‘Worker Dividend’

Worker Dividend

Free-Photos / Pixabay

As Stock Buybacks Soar, Senator’s Bill would Ensure Workers Get Fair Share

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Q2 hedge fund letters, conference, scoops etc

WASHINGTON, DC — Tomorrow, Wednesday, July 31, 2019, at 10 AM U.S. Senator Sherrod Brown (D-OH) will join reporters for a Newsmakers news conference at the National Press Club to unveil new legislation to curb stock buybacks and create a 'worker dividend' to ensure workers get their fair share of the profits they help create.

  • Please register HERE to attend.

Large corporations often use this tactic of buying back their own stock in order to withhold profits from workers, and instead keep more and more of those profits for their CEOs and Wall Street investors. This practice has further exploded under President Trump’s tax law that overwhelmingly benefited major corporations and the top 1 percent.

Last month, Brown took to the Senate floor to unveil the newest essay in his online series titled, “Wall Street’s War on Workers.” It was the third essay in this series and focuses on stock buybacks.

WHO: U.S. Sen. Sherrod Brown (D-OH)

WHAT: National Pres Club Newsmakers News Conference: Brown to unveil stock buyback legislation to put more money in the pockets of working people

WHEN: 10 AM, Wednesday, July 31, 2019

WHERE: National Press Club. Washington, DC

Please register HERE to attend.

What do you think of the idea? What about Worker Dividend do you support or oppose? Please let us know your thoughts on these proposals in the comments section.




About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver