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> I wonder if all the companies that used their money for stock buybacks are kicking themselves in the foot right now. The outside shareholders of these compan
by pbourke 7y ago
> I wonder if all the companies that used their money for stock buybacks are kicking themselves in the foot right now.
The outside shareholders of these companies: absolutely
The executives and board: lol, no
- lotsofpulp 7y agoWhy is that? Did the executives and board sell their equity for cash prior to the drop in stock prices?
- pbourke 7y agoWhen presented with the opportunity to either accrue savings, reinvest in the business, or inflate the stock price the executives and boards of these companies chose the latter. This happened to also be a decision that benefited them personally, since the majority of their compensation is in equity. Draw your own conclusions.