Lowe’s spent billions on share buybacks, zero on severance for laid-off workers

BY Kate Gibson (originally published by CBS News) - Lowe’s roughly 300,000 employees are “without question” the home-improvement chain’s “greatest asset,” according to their boss, CEO Marvin Ellison. He offered the shout-out at the retailer’s annual shareholder meeting in May, crediting a 15% boost in the company’s quarterly dividends to his workers’ efforts…

[Cross-posted from CBS News publication of August 12, 2019
at https://www.cbsnews.com/news/lowes-layoffs-2019-retailer-spent-billions-on-share-buybacks-zero-on-severance-for-laid-off-workers/]


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