Stock Buybacks and the Trillion Dollar Heist (with Senator Cory Booker)

Pitchfork Economics with Nick Hanauer

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Corporations are on track to spend more than $1.3 trillion on stock buybacks this year—money that could have gone toward higher wages, innovation, or community investment. That’s the real-life Trillion Dollar Heist at the center of our new comic from Civic Ventures, which follows Marta, a janitor who interrupts a corporate board meeting just as executives plot their next billion-dollar buyback spree.

This week, we’re resharing our 2019 conversation with Senator Cory Booker, who explains how stock buybacks went from illegal market manipulation to one of the biggest drivers of inequality.

Read the Trillion Dollar Heist Comic: https://bindings.app/read/7mINYO2H

This episode originally aired February 26, 2019.

Senator Cory Booker is a Democratic lawmaker from New Jersey who has served in the U.S. Senate since 2013. A Rhodes Scholar and Yale Law graduate, he began his career on the Newark City Council before serving as mayor from 2006 to 2013. In the Senate, Booker has focused on criminal justice reform, economic opportunity, climate action, and protecting civil and LGBTQ+ rights.

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