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Isn't this exactly what Enron did? Use some sleight of hand to hide the fact that you're using company assets to speculate on the performance of company assets
by powera 10y ago
Isn't this exactly what Enron did? Use some sleight of hand to hide the fact that you're using company assets to speculate on the performance of company assets?
Obviously doing that turned out very poorly for Enron.
- DennisP 10y agoActually any company buying back its own stocks is doing the same, and it tends to work out well for investors.
- TheCoelacanth 10y agoIsn't a stock buyback more or less equivalent to paying a dividend? I.e. a way of returning a portion of company assets to the company's investors.
- DennisP 10y agoYes. Seems to me it's the same if TheDAO does it.