4 ms·
They used to be illegal. They should be illegal again. If they were, then that $65B would have been invested in R&D (and in their employees!).
by throwaway55554 7y ago
They used to be illegal. They should be illegal again. If they were, then that $65B would have been invested in R&D (and in their employees!).
- robocat 7y agoThe money would have been returned as dividends instead. For-profit companies are not intended to exist just to spend all profits on themselves (although Amazon is one obvious counter example amongst many).
- cpwright 7y agoOr paid as dividends? Stock buybacks are in part a way to financial engineer around dividends and capital gains being realized and taxed differently.