Despite the costs of these expansions, Gorman has said that the bank’s operating committee unanimously ruled out staff cuts in 2020.
Since March, more than 90% of the bank’s worldwide staff has been working from home, and Gorman said Thursday he expects only about 50% of workers to return to working in offices by the end of this year. Shareholders at the meeting, which was held virtually due to the coronavirus pandemic, voted to reelect Gorman and the rest of the bank’s board of directors with the support of nearly 97% of votes, according to initial tallies. Roughly 94% of investors voted to approve the bank’s executive compensation plan.
Share buybacks should always be illegal. Use the money to invest in the company, pay workers higher wages, or it should be paid out as stock dividends which are taxable at regular rates.
Yes, we want to wait until share prices regain their highs.
How about investing into technology and skills upgrades for your team to enhance productivity? New product development and investment are also good for future growth and profitability! Enough with this stupid financial engineering as a way to “ increase” profits. Try hard work
Este filho da outra, é um dos que mandam no mundo! Vai morrer longe Satanás!
give free loans ...buyback shares ..drives prices up ...loans can default if interest go up someday
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