Nov 12, 2018
Fiat Chrysler announced that in the 3 months from July to September – the third quarter – it made 640 million dollars. Over a year’s time, that would come to about 2.6 billion dollars in profit.
FCA also announced it will distribute 2.2 BILLION DOLLARS as an “extraordinary” dividend to stockholders.
In other words, it plans to hand out almost an entire year’s worth of profit as “extraordinary” dividends, not to mention what it hands out as regular dividends to the same stockholders!
What Fiat Chrysler is doing shows the corporations are little more than a way to transfer more and more wealth to the wealthy. Their profits come from exploitation of the workers’ labor and virtually all of it goes to the benefit of wealthy stockholders!