Originally Posted by
Carl Spackler
Again, you and Professor are both confusing stock buy back programs with dividends. Dividends directly enrich stockholders. Stock buy back programs directly enrich executives...when they even work.
Carl
Carl is right on this one.
Dividends are a stockholder's friend. Stock buy backs are a monumental waste of capital. They used to be against the law. They really are an abrogation of fiduciary responsibility. This money should have been distributed to the shareholders in the form of dividends or reinvested in the corporation.
I have a few ideas on ways they could reinvest that 6B in the corporation.