The executives role is to increase share price and Company evaluation for shareholders. If all you can do is sit on a pile of cash without any good ideas on ho

The executives role is to increase share price and Company evaluation for shareholders. If all you can do is sit on a pile of cash without any good ideas on how to turn that cash into larger profits, or you just burn it to buy stock back or give dividends, it is a way of saying “I have no vision for the future of this company, I don’t know what else we can do, we will not continue to grow aggressively, so might as well take the cash dear shareholder” Not a great move in front of the board. Done marginally is fine, sends a “we made more that we can use” cocky statement. Doing it massively to keep stock afloat, means you are out.