Defeat Trump
Publisher: Washington Post
Author: Peter Whoriskey
5 May 2020
Big companies are paying shareholders dividends and laying off thousands of workers
Since the coronavirus pandemic was declared, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker is planning layoffs and furlough. While thousands of their workers are filing for unemployment benefits, these companies rewarded their shareholders with more than $700 million in cash dividends