Honeywell announces EPS Up 15% on declining revenue. Are they increasing earnings on the backs of employees?
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EPS is up because the company bought back $10 Billion in stock over the last 5 years. It's a spendy and legal way to make that number look better without having real growth and real revenue increases. The greedy folks at the top are just about out of smoke and mirrors to make numbers look better. Now, the furloughs, layoffs, salary reductions, benefit cuts, and 401k match removals are next. I'm making my exit plans while I still have a job.