Hi,

Every day, mega corporations like Bank of America, Chevron, and Amazon
grow richer, while prices rise, worker wages stay the same, and wealth
inequality skyrockets. Where does all that money go? Billions are funneled
into stock buybacks, when a company buys its own stocks to enrich already
wealthy executives.

In 2023, Chevron spent $14.9 billion on stock buybacks.^1 Bank of America
spent billions, too.^2 Numerous other companies use stock buybacks to
increase CEO compensation, extracting as much profit as possible from
their workers. Congress can halt this rampant corporate greed by passing
the Reward Work Act to make stock buybacks illegal.

[ [link removed] ]Sign the petition: Tell Congress to ban corporate stock buybacks. Pass
the Reward Work Act!

ADD YOUR NAME

Workers shouldn’t have to suffer so Bank of America, Chevron, Apple,
Amazon, and other giant corporations can give CEOs more money or pay for
more corporate lobbyists to influence lawmakers on Capitol Hill.

Wall Street wins with every stock buyback, and working people lose. It’s
time Congress steps in to protect workers and fight against wealth
inequality in America.

[ [link removed] ]Add your name: Congress must put an immediate end to stock buybacks.

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. The Motley Fool, “If You Like Share Buybacks and Dividends, You'll
Love This Cash-Gushing Oil Stock,” [ [link removed] ]February 10, 2024.
 2. MarketWatch, “Bank of America execs blew $93.6 billion. Here’s how
they did it.” [ [link removed] ]June 17, 2023.
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