Quote:
Originally Posted by albionmoonlight
Stock buybacks need to be strongly discouraged--tax them heavily, etc. They aren't good for the overall economy.
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It just feesl like legalized embezzlement. Buy up stock and have the executives paid in stock. Juice the stock with a massive buyback with all the free cash you have. Sell the stock to rubes. Go bankrupt.
You're just gutting the company. There should be some fiduciary duty to try to be a profitable company.