Originally Posted by beis77

Yep, or in layman’s terms, they’re using Company profits to drive the stock price up (buy backs) while simultaneously offloading their own personal shares for private gain. Corporate America sees a fairly static stock price, but the net effect is that executives are basically funneling company profits into their own bank accounts, laundering it through the stock market. It’s basically a legalized form of embezzlement for executives. I’m not sure why it’s legal, it’s criminal IMHO. Buybacks should either be illegal, or else CEOs, CFOs, COOs, VPs, or any other executive that controls the company’s purse strings should be barred from trading in their own company’s stocks. I’m glad buybacks are illegal in the CARES act, although that’s only for the next six 6 months...