Comment by Spivak
3 years ago
The thing I can't really understand if this is the argument is where the money is actually going? With an on paper 11% profit margin it's certainly isn't shareholders, and even if the executives rake it would still be a blip in their total revenue.
It is precisely shareholders and executives. 11% profit margin but huge share buybacks, bonuses and acquisitions.
Share buybacks and acquisitions come from post profit money, not pre profit, so they won't impact the margin. They're not a line item in operating expenses.
Bonuses and other remuneration will, but no executives are getting $5 billion annual bonuses there and ~$million bonuses won't move the needle.