why are stock buybacks bad?
In:
they are not always bad. BUT these companies used cash reserves and tax break funds to make their companies appear solvent and profitable, so they can justify huge salaries for board members and ceos.
kicking the can down the road, impending doom & financial fuckeroo around the corner. most companies have a mountain of debt due in 2021-2023. when that debt is due these companies and our financial system will implode. they will need further bailouts to prop themselves up.
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