Originally Posted by
gloopy
I'm all in favor of lower corporate taxes, but there needs to be a crushing tax on this nonsense. Maybe even CBA language that says for every dollar of burnbacks we get 10. This absolutely has to stop and if it doesn't the blowback they will get during the next political cycle will blow away anything they ever thought they'd ever gain from doing that in the first place.
Again, besides paying you absurds amounts of wages of course.....what would you have them do with buckets of free cash pouring into the company coffers which they ultimately don't feel comfortable expanding operations with? When you buyback shares you also spread the dividend going forward over fewer shares which again raises the stock yield. A well run company will do many things with it's extra cash.