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Interesting how no one has mentioned stock buybacks yet. These job cuts are a cost cutting exercise, giving the company more funds to buy back stock with, makin
by randomname2 12y ago
Interesting how no one has mentioned stock buybacks yet. These job cuts are a cost cutting exercise, giving the company more funds to buy back stock with, making the stock price go up, meaning the executives get heftier bonuses.
The "fire people to buy back stock in order to make the stock price go up" strategy is extremely popular in this economic environment.
- randomname2 12y agoThis story about their $750M stock buyback plan supports the assertion: http://www.streetinsider.com/Stock+Buybacks/Electronic+Arts,+Inc.+%28EA%29+Announces+$750M+Stock+Buyback+Plan/9451466.html http://www.streetinsider.com/Stock+Buybacks/Electronic+Arts,...