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Bought back shares are either retired or held in the company’s treasury stock. Either way, there’s no voting right for these shares.
by realityking 4y ago
Bought back shares are either retired or held in the company’s treasury stock. Either way, there’s no voting right for these shares.
- salawat 4y agoAgain, this decreases actionable accountability to the external world. This should make it clear why stock buybacks would be preferred. Fewer people with standing to sue if they don't agree with management's direction.
- s1artibartfast 4y agoso more shares is more accountable? I'm not sure how you get that more shares means more owners. Doesn't really seem like the limiting factor.