Alan Smith on Spoutible

Bed Bath and Beyond declaring bankruptcy is actually a story of shortermism and capitalism run amok. Not 2 years ago, BBB spent a billion dollars on stock buybacks, a company trick to make stock holders happy and wealthy.

08:57 AM - Apr 25, 2023

Alan Smith

@Asmith4ourtime

In response to Alan Smith.

Now, who knows if a billion dollars invested instead of handed over to investors would have saved the company - but it for sure would have helped the employees who are all suddenly unemployed, with no severance or even warning.

08:58 AM - Apr 25, 2023

Alan Smith

@Asmith4ourtime

In response to Alan Smith.

Our economy’s turn to short term profits over all else is like my three year old who is told she can only have one piece of candy: our brains are short-circuited by the desire to simply grab as much as possible and stuff it directly in our mouths until physically restrained.

09:01 AM - Apr 25, 2023

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