Trump says he won’t permit dividends, buybacks for some defense companies – National
“Defence Companies are not producing our Great Military Equipment rapidly enough and, once produced, not maintaining it properly or quickly,” Trump said in a post on Truth Social.
Trump also called executive pay packages in the defence industry “exorbitant and unjustifiable.”
“From this moment forward, these Executives must build NEW and MODERN Production Plants, both for delivering and maintaining this important Equipment, and for building the latest Models of future Military Equipment,” he said, without naming any specific companies or executives.
“Until they do so, no Executive should be allowed to make in excess of [USD]$5 Million Dollars which, as high as it sounds, is a mere fraction of what they are making now.”
Trump and the Pentagon have been complaining about the expensive, slow-moving and entrenched nature of the defence industry, promising dramatic changes that would make the production of war equipment more nimble.
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