There is nothing wrong with buybacks. They are buying at a price they believe is undervalued; a smart thing to do with appropriate treasury cash.
Too much unused cash is bad management; cash needs to be put to work; buybacks are one example of that.
If a company was "supposed" to return cash to employees in some way due to a windfall (such as a tax windfall), but was used for stock buybacks, well that's just a foolish assumption.
Companies are under no responsibility to do that. Compensation is a function of the market.
Too much unused cash is bad management; cash needs to be put to work; buybacks are one example of that.
If a company was "supposed" to return cash to employees in some way due to a windfall (such as a tax windfall), but was used for stock buybacks, well that's just a foolish assumption.
Companies are under no responsibility to do that. Compensation is a function of the market.
Last edited: