Originally Posted by
Buck Rogers
Certainly not defending the stock buy back, but...
If I buy a house and pay cash.....did I light that money on fire, or did I exchange it for something of value?
It can always be argued whether or not the "purchase price" was fair or not(time will tell), but to use the term 'Light on fire" is a bit over the top
You make it sound like they just dumped the money in the river....not sure that's even close to what transpired
Yes, management bought themselves a bigger house. They traded billions of the employee's money, for a few million in increased compensation. This is why Congress needs to ban buybacks again.