One powerful example of this extraction cited in the report is the case of activist investor Carl Icahn, who purchased 3.4 billion shares in 2013 and 2014, and from other shareholders, then successfully demanded that Apple accelerate its stock buybacks again, selling his newly, more valuable shares at a $2 billion profit.
Garcia highlights Icahn's stock buyback strategy as an example of wealth extraction.
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More from Sylvia Rodriguez Garcia
I thank my friend, Congressman Weber, for putting this Special Order together. I know it is probably odd seeing a Democrat up here, but let it be known: Kay and I go way back. I've known her since the 1990's, when she made history as the…
Rep. Sylvia Garcia said she spoke with acting ICE Director David Venturella, specifically about the lack of body cameras on these agents.
Due to illness, I was unable to vote during the vote series today. Had I been able to vote, I would have voted: NAY on Roll Call No. 7, H.R. 23--Illegitimate Court Counteraction Act.
He promised her that all agents in the field would have body cameras by the end of the month, but a DHS spokesperson later clarified it would be within 60 days.
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