How do billionaires become billionaires? Stock Buybacks. It is money allocated to shareholders simply for holding stock. While this in and of itself it not horrible, it does not add value to the company or the country. Bill Lazonick is an expert on stock buybacks and explains the situation with Maggie.

Songs
Cyndi Lauper - Money Changes Everything
MIA - Paper Planes
Boz Skaggs - Lowdown
David Bowie - Changes

The Maggie Daun Show is a part of the Civic Media radio network and airs Monday through Friday from 2-4 pm across the network. Subscribe to the podcast to be sure not to miss out on a single episode! To learn more about the show and all of the programming across the Civic Media network, head over to https://civicmedia.us/shows to see the entire broadcast line up. Follow the show on Facebook, X and Instagram to keep up with Maggie and the show!