Shareholders receive dividends. Employees earn wages.

股东们拿红利，员工们领工资，供应商获得合同。

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Shareholders receive dividends. Employees earn wages. Suppliers win contracts.

股东们拿红利，员工们领工资，供应商获得合同。

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In other words, they receive dividends when they are declared by the board of directors.

换句话说，他们会得到董事会的宣告的红利。

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The Laffer Shares would be equity, and they would be entitled to receive dividends in perpetuity.

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They were advised that when they buy shares of stock in the Packers they would not receive dividends.

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"It's unfair for those who receive dividends to pay zero tax, " Buffett underscored.

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