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Jean-Pierre Robin: "Inflation is the law of the jungle, and the strongest come out winners"

2023-03-19T15:50:16.982Z


CHRONICLE - The ECB is in turn worried about the rise in corporate profits. In the United States, President Joe Biden himself is leading the attack on “Big Oil”. He thus names the five largest Western oil companies listed on the stock exchange (ExxonMobil, Chevron, Shell, TotalEnergies, BP). “They made 200 billion dollars (in profits in 2022, editor’s note) . It's scandalous." The White House threatens them to "quadruple the tax on share buybacks (currently 1%) to encoura


In the United States, President Joe Biden himself is leading the attack on “Big Oil”.

He thus names the five largest Western oil companies listed on the stock exchange (ExxonMobil, Chevron, Shell, TotalEnergies, BP).

“They made 200 billion dollars

(in profits in 2022, editor’s note)

.

It's scandalous."

The White House threatens them to

"quadruple the tax on share buybacks

(currently 1%)

to encourage long-term investment"

instead of boosting their stock market price.

In France, public opinion - the maelstrom of the media and social networks - is responsible for instructing the permanent lawsuit against CAC 40 companies and their "superprofits".

They reached 142 billion euros in the 2022 financial year.

Without fanfare, the European Central Bank (ECB) is concerned in turn.

Traditionally obsessed with the price-wage spiral, its 26 governors have, for the first time, discussed the rise in profits of European companies during…

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Source: lefigaro

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