Who’s Next?
03-29-2020 | 01:25 PM
#123
Gets Weekends Off
Joined: Mar 2020
Posts: 110
Likes: 0
From: CRJ
03-29-2020 | 02:29 PM
#124
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,908
Likes: 694
From: Engines Turn or People Swim
But there will likely be some limits.
03-30-2020 | 08:46 AM
#126
Line Holder
Joined: Oct 2009
Posts: 1,139
Likes: 151
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.
But there will likely be some limits.
"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."
03-30-2020 | 11:27 AM
#127
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,908
Likes: 694
From: Engines Turn or People Swim
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."
"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."
Also everybody who resents us, or fears that we'll meddle in their foriegn policy/military adventures, takes cheap shots at us from the gallery. Kind of like hating on Tom Brady... it's popular, but he doesn't care, and it doesn't change the fact that he wins.
03-30-2020 | 12:10 PM
#128
Line Holder
Joined: Oct 2009
Posts: 1,139
Likes: 151
We're also better off and have more opportunity than most nations. At least the rules are known by all, and subject to change if enough people decide to do it.
Also everybody who resents us, or fears that we'll meddle in their foriegn policy/military adventures, takes cheap shots at us from the gallery. Kind of like hating on Tom Brady... it's popular, but he doesn't care, and it doesn't change the fact that he wins.
Also everybody who resents us, or fears that we'll meddle in their foriegn policy/military adventures, takes cheap shots at us from the gallery. Kind of like hating on Tom Brady... it's popular, but he doesn't care, and it doesn't change the fact that he wins.
Your reply is a non sequitur.
My post has a very different meaning if you read it in context to the post of yours I was replying to.
The danger to a company of piling up too much cash is real. The fact that a pirate can come in and loot a company that is fiscally responsible is a form of legalized corruption, which is what my post was referring to.
Your reply, without showing what I was responding to, changes what I wrote.
03-30-2020 | 07:07 PM
#129
In a land of unicorns
Joined: Apr 2014
Posts: 7,052
Likes: 70
From: Whale FO
03-31-2020 | 05:32 AM
#130
Line Holder
Joined: Mar 2016
Posts: 323
Likes: 0
We're also better off and have more opportunity than most nations. At least the rules are known by all, and subject to change if enough people decide to do it.
Also everybody who resents us, or fears that we'll meddle in their foriegn policy/military adventures, takes cheap shots at us from the gallery. Kind of like hating on Tom Brady... it's popular, but he doesn't care, and it doesn't change the fact that he wins.
Also everybody who resents us, or fears that we'll meddle in their foriegn policy/military adventures, takes cheap shots at us from the gallery. Kind of like hating on Tom Brady... it's popular, but he doesn't care, and it doesn't change the fact that he wins.
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