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"Stock buybacks enrich the bosses even when business sags" https://www.reuters.com/investigates/special-report/usa-buybacks-pay/
Well sure, it enriches the bosses, thats the point. I hold a few thousand shares still, and as a shareholder, i'm a boss.......albeit a small boss. When a company's growth slows and its literally making billions upon billions in profits still, and they have nothing to do with that cash.....buy back stock. Google, Meta, Nvidia and hundred of other companies do the same, thankfully.
 
Well sure, it enriches the bosses, thats the point. I hold a few thousand shares still, and as a shareholder, i'm a boss.......albeit a small boss. When a company's growth slows and its literally making billions upon billions in profits still, and they have nothing to do with that cash.....buy back stock. Google, Meta, Nvidia and hundred of other companies do the same, thankfully.
They can spend it on stock dividends or R&D
 
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