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Strictly no. You need "free" zero interest money from the Fed! That's how MOST stock buy-backs are financed - it going onto the balance sheet as debt which so
by xyzzy21 6y ago
Strictly no. You need "free" zero interest money from the Fed! That's how MOST stock buy-backs are financed - it going onto the balance sheet as debt which someday will bite them.
This is the shitty side of many modern CEOs. But the legal and tax incentives combined with Wall Street demands create the environment for it.