Just Eat unveils €150m share buyback a month after cutting 1,700 staff
So, that worked then. Fire a few people and increase returns to shareholders. What a company’s for after all – as Musk is showing at Twitter. Fire 75% of the people, suffer a smaller reduction in revenue, increase margins and profit.
Cool!
I’m still in the “We’ll see” phase of Elon’s reign at Twatter.
He’s done the right things so far in terms of cost reduction and absolutely understands that there is a limit to how much can be done without over stretching cash flow, but equally he might be able to use a $40 billion dollar write off.
If it starts turning a profit and he hands it off to an actual CEO who knows what he/she is doing, then I’ll believe it.
As it is, “We’ll see”.
I’m likewise waiting to see how Twaddle goes John.
Since my niece and now my sister and her husband are visiting, I’m at least supporting the income of the local pub. After all, everyone would keep far, far away if they had to eat my Rubbish Bin Stew.
As I keep patiently explaining to socialists and other fuckwits: another word for “shareholder” is “owner”.
@BiW:
I agree, but the likes of BlackRock and their DEI bollocks seem intent on turning Shareholders into Stakeholders and thereby diluting that concept of absolute ownership.
When BlackRock is put back in its place by activist investors and DEI canned as a useless if not destructive intrusion into the absolute mantra that “A Company exists to return value to its shareholders”, then I’ll relax.
As it is this whole diversity, equity and inclusion bollocks threatens to run a coach-and-horses through capitalism.
Fortunately, I’m relying upon the greed of Americans, which is always a certainty in the long run.
Bloke: And another word for “shareholder” is “pensioner”.
jgh, not necessarily. I am a shareholder but I’m not a pensioner. And not all pensioners are shareholders (eg someone on only the state pension).
And it also confuses the already hard-of-thinking. They know what an owner is, and won’t be at all happy if someone starts taking things they own. That’s theft, after all. The point is to try and get them to understand that taking from shareholders is also theft.
They can only do that to companies they own, and as far as I’m concerned they can do what they like to their own property. Of course, lobbying is a different matter.
@Bloke in Wales: “They can only do that to companies they own”. But they don’t ‘own’ these companies. They may own some stock, but as far as I know they don’t have any majority interests. They just use their holding to pressure the company executives to be ‘woke’. (Not that a lot of pressure is usually required.) There is pushback however, and it seems to be increasing. People resent having their money used for virtue signaling.
ZT: I bought my wife a 500ml bottle of diet Coke (yes, I know) for her lunch today, and the bottle now has a top that doesn’t come off. You unscrew the cap and it remains attached to the ring around the thread by two strong bits of plastic. They say that it’s a recycling thing – all of the top stays with the bottle. However it makes the bottle so bloody difficult to drink from. This is yet another example of companies pissing on their customers and instead bending over to get fucked in the ass by the eco-nutters.
Yes TG. I suppose I am rich as Tim always claims.
If some pack of fuckwits pisses me off, I just go to another company.
I used to be a cranky young bastard, now I’m an even crankier old one.
Bogan @ 10.56.
Is your stew as good as Pagpag?: https://www.youtube.com/watch?v=K4a_QuVAP80
I think it’s a bit worse Addolff!!