Originally Posted by
beis77
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.
Like most "business over people"/ "rich over poor"/ "the New Deal was bad" style politics, you can thank Reagan (and those he empowered) for that.
https://www.vox.com/2018/8/2/1763976...mp-republicans
Last edited by PilotWombat; 04-04-2020 at 11:26 AM.