buybacks are the cold fusion of finance
5 replies (most recent on top)
Nobody said anything about sales or technology. This is all about shareholder value.
Keep the soda, sell one of the private jets
True enough, but by eliminating free soda and requiring employees to bring in their own toilet paper and paper towels we can bump up the bottom line.
Finally somebody gets it. Buybacks created the market bubble, which has nothing to do with reality or the company's real business.
Oh, and BTW, every major company has been doing this since 2009'ish. We never had a recovery, we had a global bubble created by banks and corporations. And yes, they knew exactly what they were doing, because they knew 2008 was the collapse of the financial system, and their last ditch effort was to blow the biggest bubble in history, hoping the ignorant masses would believe it was real.
And they did...