It’s a silly law. They won’t do share buybacks and then distribute earnings via distributions or some other mechanism. It’s really odd law I’m guessing is jus

It’s a silly law. They won’t do share buybacks and then distribute earnings via distributions or some other mechanism. It’s really odd law I’m guessing is just a populist move to get votes. There is nothing that makes stock buy backs any worse than other methods of distributing earnings. They could just pay out dividends directly instead. I have no idea what the intent of the law is other than “someone doesn’t like stock buy backs”.