Dana Fried on Nostr: People wondering why Bed Bath and Beyond folded with no severance for its employees ...

People wondering why Bed Bath and Beyond folded with no severance for its employees after doing a $1B stock buyback, or really, why so many companies are doing massive stock buybacks (often financed by debt)?

Turns out it's pure grift. The execs are stealing from the cookie jar.

https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy