Jessica Corbett is a senior editor and staff writer for Common Dreams.
Amid a strike that dockworkers along the East and Gulf Coasts argue is about ' corporate greed vs. workers rights,' a watchdog group is highlighting how at least one shipping giant on the other side of the labor battle has recently poured billions of dollars into stock buybacks .
reported at the time that the company 'flagged 'high uncertainty' in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping vessels.' Still, Accountable.US framed what Maersk has done so far as proof that the shipping giant and fellow USMX members have the capital to end this strike, as ILA president Harold Daggett asserted this week.
Cosco Shipping Holdings International Longshoremen's Association Labor Maersk Stock Buybacks Wall Street Workers Corporate Greed
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