Originally Posted by
rickair7777
Not absolutely illegal, there are sound business reasons to do buybacks... if your stock is low and you're sitting on a pile of cash the vultures will be tempted. Less of a threat for airlines, because a corporate raider would not be allowed to just liquidate and sell off the assets because they're worth more than the stock.
But there will likely be some limits.
A quote from a professor from Singapore...whose name I forget, partly because it was 3 meters long...not an exact quote, but here is the gist of it:
"America is one of the most corrupt countries in the world. One of the reasons most Americans don't understand that, and what makes it so incidiously dangerous, is that in America the corruption is legalized."