Frydenberg challenges corporate Australia to rein in share buybacks and dividendsTreasurer Josh Frydenberg will challenge corporate Australia to end the proliferation of special dividends and share buybacks as part of a new productivity push aimed at giving a $3000 annual lift in worker wages.
In an intervention that risks irritating corporate heavyweights and investors, the Treasurer will suggest boardrooms that prioritise short-term shareholder returns above long-term investments are hurting national productivity rates and warn changes are needed if Australians are to "continue to make our own luck".
disallowed/politics/federal/frydenberg-challenges-corporate-australia-to-rein-in-share-buybacks-and-dividends-20190825-p52kki.html
To this pilgrim, its an acknowledgment that trickle down doesnt work.
Raider
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Frydenberg challenges corporate Australia to rein in share buybacks and dividends
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