Comment by devoutsalsa
1 day ago
I really wish they’d ban stock buybacks. When executives get paid in stock options, they want the stock price as high as possible. The easiest way? Buy back shares to make the remaining ones worth more.
But when companies do this while their stock is overpriced, they’re wasting shareholder money on expensive shares. Executives pad their own pockets while shareholders get screwed.
I’d rather see companies pay better dividends or keep the cash. At least then shareholders actually benefit instead of just watching executives get richer.
That happens because of a Clinton administration regulation that was meant to reduce executive pay, but instead incentivized raising it: https://www.propublica.org/article/the-executive-pay-cap-tha...