Press Releases

Watchdog: Shipping Giant Maersk Spent Over $6.5B On Stock Buybacks As Port Workers Strike For Fairer Treatment

Corporate Greed
October 2, 2024

A new analysis from government watchdog Accountable.US found a major shipping corporation at the center of the International Longshoremen's Association (ILA) strike has spent over $6.5 billion on stock buybacks benefiting wealthy investors, while another company announced up to $101 million in buybacks with plans to potentially authorize more.

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