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Their function is to maximize profit. I doubt they think about their company's position in society often if at all. But there are many factors. Allowing stock
by nielsbot 11mo ago
Their function is to maximize profit. I doubt they think about their company's position in society often if at all.
But there are many factors. Allowing stock buybacks is definitely one of those.
If I'm reading this chart right they're spending about $500M/quarter on buybacks? https://www.financecharts.com/stocks/MCD/cash-flow/repurchase-of-capital-stock https://www.financecharts.com/stocks/MCD/cash-flow/repurchas...