Originally Posted by
BenderRodriguez
Not a real smart way to enrich themselves though, is it?
It may not always be the smartest way (witness the Delta stock buyback under Leo Mullin?) before bankruptcy. But it is a stock buyback's only purpose.
Originally Posted by
BenderRodriguez
Come on Carl, you are an executive, you know that doesn't move the needle to any meaningful degree.
You don't know me Tsquare. We've never met or spoken. Moving the needle is an undefined term. Stock buy backs provide a floor for common stock to ensure stock options stay above the strike price when the lock ups are over. That benefit is mostly received by executives.
Carl