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There was an interesting interview with Chamath Palihapitiya on CNBC last week. Whether you like him or not, he made some good points around buy-backs and earni
by andygcook 7y ago
There was an interesting interview with Chamath Palihapitiya on CNBC last week. Whether you like him or not, he made some good points around buy-backs and earnings per share manipulation.
Worth listening to the full interview if you have 15 minutes: https://www.youtube.com/watch?v=NvEWez59fbI https://www.youtube.com/watch?v=NvEWez59fbI
- snarf21 7y agoExactly, the Fed has artificially held rates low so companies are borrowing money for practically 0 to keep the price up and keep CEO compensation high. The only way to really fix the buyback problem is to outlaw stock based compensation for the C-suite and BOD. Then they might start focusing on long term corporate health instead of stock price and short-term quarterly numbers.