Looks like the UAW left 10 billion on the table. Hopefully they won't make that mistake next time.
this post was submitted on 01 Dec 2023
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$10 billion in stock buybacks, an increase in dividends, and cuts to deadly autonomous vehicles. It is clear that the union should have asked for more.
Wait they took a hit of $9.3 billion and they are going to do now do a $10 billion buyback? Doesn’t that mean that they are now down $19.3 billion?
Sorta, but I think buying the stock is a way to prevent the stock from going down. And they are betting it will go up in the long run and they can resell at a profit.