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3) tax laws that mandate buybacks + dividends cannot exceed more than a % value of R&D + CapEx spend. Otherwise 1+2 result in the C-suite deciding to divert al
by passwordoops 2y ago
3) tax laws that mandate buybacks + dividends cannot exceed more than a % value of R&D + CapEx spend.
Otherwise 1+2 result in the C-suite deciding to divert all that cash to their pockets.
Reference: the past 40 years of big business