Tao Francis
speaker
430 appearances
7 recordings
1 series
first heard Nov 2017
last heard Nov 2022
Tao Francis’s voice in public audio — every appearance, attributed to the second.
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Appearances
You know, capital spending on property, plants, equipment, that's a little more complicated, especially given that the tax regime has changed so much.
matched
The dynamic of whether you want to build overseas or build in the U.S., whether you want to buy equipment here or elsewhere, really is something a lot of companies are still sorting through.
matched
So proponents of the tax overhaul are saying, you know, just wait and see.
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This will take time.
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We really won't know the outcome for some time.
matched
For now, though, it's pretty clear that companies have been quick to return capital to investors and at least a little slower in investing in their business and the economy.
matched
Well, this quarter and in the next few quarters, if you see a company turn in really excellent profit growth, you need to stop and look at what that is.
matched
If some of that's tax cuts,
matched
Well, that's real profit growth.
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They really are making more than in the same quarter a year ago, but it's not anything they did.
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And it may be that they're getting so much tax growth, so much profit growth from the tax cut that it's masking a deterioration of their underlying business.
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Now, you're only going to be able to tell that on a case-by-case basis, but you need to look under the simple profit growth and figure out what's going on underneath the hood.
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Thank you.
matched
That's right.
voice-verified
It's part of the Dodd-Frank financial regulatory overhaul that passed in the wake of the financial crisis.
voice-verified
And it took a while for the Securities and Exchange Commission to implement it.
voice-verified
But starting this spring, companies must disclose the total compensation for their median employee, as well as how that compares with its CEO.
voice-verified
I think there were a lot of ideas or intentions behind it, but certainly one of them was the idea that CEO pay has grown out of proportion to what ordinary Americans make.
voice-verified
And this was at least in part, I think, by many of its supporters intended to highlight that.
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Sure.
voice-verified
Showing 261–280 of 430 · page 14 of 22
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