Toddsterpatriot
Diamond Member
Stock buy backs.
Corruption.
Stock buy backs are awful!
Instead of returning money to the owners, corporations
should build giant conglomerates. Who cares if they make sense or money?
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Stock buy backs.
Corruption.
Parasites always need more corruption:Stock buy backs are awful!
Instead of returning money to the owners, corporations
should build giant conglomerates. Who cares if they make sense or money?
Parasites always need more corruption:
There's A Reason Why Stock Buybacks Used to Be Illegal | U.S. Congressman Sean Casten.
"For most of the 20th century, stock buybacks were deemed illegal because they were thought to be a form of stock market manipulation.
"But since 1982, when they were essentially legalized by the SEC, buybacks have become perhaps the most popular financial engineering tool in the C-Suite tool shed.
"And it’s obvious why Wall Street loves them: Buying back company stock can inflate a company’s share price and boost its earnings per share?—?metrics that often guide lucrative executive bonuses.
"As Reuters wrote recently, 'Stock buybacks enrich the bosses even when business sags.'"