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

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.

In response to Alan Smith.

09:01 AM - Apr 25, 2023

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