Quote:
Originally Posted by Jim in CT
You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year.
"Stock buybacks do little to ensure the future viability of a corporation"
So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock.
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The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone.
Look around New England at the woolen business, machine tool industry, stone business, wire, etc.
All gone because of a failure to make capitol investments and improvements.