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<blockquote data-quote="59 Dano" data-source="post: 5880311" data-attributes="member: 23516"><p>That aside, he still has a point that everyone just wants to ignore. Some people see an occasional stock buyback and start with the theatrics about pay. If Express has 250,000 employees and we divvy that $5 billion up amongst them, it's $20,000 spent per employee. </p><p></p><p>That's not a $20,000 pay increase, that's $20,000 total employment expense per person. It's the total of an increase in pay, an increase in the employer's part of Social Security contributions, the employer's part of Medicare contributions, 401k contributions, etc. Not to mention any other benefit costs if they were to increase those as well. A one time stock buyback doesn't mean that that same amount of money can be spent every year. Especially when there's no additional return on that investment.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 5880311, member: 23516"] That aside, he still has a point that everyone just wants to ignore. Some people see an occasional stock buyback and start with the theatrics about pay. If Express has 250,000 employees and we divvy that $5 billion up amongst them, it's $20,000 spent per employee. That's not a $20,000 pay increase, that's $20,000 total employment expense per person. It's the total of an increase in pay, an increase in the employer's part of Social Security contributions, the employer's part of Medicare contributions, 401k contributions, etc. Not to mention any other benefit costs if they were to increase those as well. A one time stock buyback doesn't mean that that same amount of money can be spent every year. Especially when there's no additional return on that investment. [/QUOTE]
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