Joan Westenberg on Nostr: Stock buybacks used to be illegal for a reason. It's financial sleight of hand. Since ...
Stock buybacks used to be illegal for a reason. It's financial sleight of hand.
Since they were legalized in 1982, stock buybacks have become a symptom of a deep malaise: rampant corporate, shareholder, and CEO greed. They don’t create new value.
They reshuffle existing value at the expense of long-term growth and stability.
https://www.joanwestenberg.com/the-billion-dollar-conPublished at
2024-06-30 22:49:06Event JSON
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