2 ms·
It's not really a rebuttal, it's more of a description of how deeply flawed the system is. Given all currently available information CEOs should choose stock bu
by tobias3 7y ago
It's not really a rebuttal, it's more of a description of how deeply flawed the system is. Given all currently available information CEOs should choose stock buybacks again.
If they need to be rescued now they should be regulated like other industries that are critical but don't seem to be able to weather crisis on their own (like banks), e.g. minimum cash reserve requirements with stress testing.
- ISL 7y agoAgreed, rebuttal isn't quite the right word. A broader question -- can a company that allocates that much capital to preparedness be expected to survive during normal times? I don't think there is a re-insurer big enough to handle viable pandemic insurance. Such an entity/industry would need to hold >$1T in pure cash right now.