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For-profit companies do philanthropy all the time. There is no requirement to divert money to shareholders (further, Google's not payingany dividends right now)
by losteric 3y ago
For-profit companies do philanthropy all the time. There is no requirement to divert money to shareholders (further, Google's not payingany dividends right now)
- brainwad 3y agoGoogle does stock buybacks instead. The last yearly buyback authorisation was for $70b, so the "yield" is around 4-5%. It's very much in the blue-chip, return-cash-to-investors phase of its corporate life.