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> Companies, at least in the US, can't own themselves. These are technicalities: The point was to prevent things like hostile takeovers: https://www.sciencedi
by BeetleB 3y ago
> Companies, at least in the US, can't own themselves.
These are technicalities: The point was to prevent things like hostile takeovers:
https://www.sciencedirect.com/topics/economics-econometrics-and-finance/share-repurchase https://www.sciencedirect.com/topics/economics-econometrics-...
- Aloisius 3y agoSure, but we get the same thing with dividends. If we eliminated stock buybacks tomorrow, little would be lost other than insiders wouldn't be able to use buybacks to unduly enrich themselves and people having to pay some capital gains taxes.