After $16 Billion of Stock Buybacks, a Tech Company Seeks Government Aid

Global travel site Booking.com drew an outcry from politicians and the media after Chief Executive Officer Glen Fogel told newspaper De Volkskrant on April 15 that it was applying for government help, and that layoffs are still likely. The company has around 5,500 employees in the Netherlands. Parent company Booking Holdings Inc. has bought back $16 billion worth of stock over the past three years, according to its financial statements. The anger isn’t focused solely on Booking.com. Stricken airline Air France-KLM has also come under fire for its executive bonus policy.

— source bloomberg.com | Apr 24, 2020

Nullius in verba


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