Need moar corporate welfare
Courtesy of Joshua M Brown, The Reformed Broker
McDonalds did $27 billion in worldwide sales in 2012, finished the year with $15 billion in shareholder’s equity and over $2 billion in cash.
The company had $5.5 billion available to return to shareholders in the form of stock repurchases and dividends last year. But they’d like their US employees to receive financial assistance from taxpayers and the government.
Pigs.
Read Also:
How McDonald’s and Wal-Mart Became Welfare Queens (Bloomberg)
