RSS Feed

Calendar

September 2015
M T W T F S S
« Aug   Oct »
 123456
78910111213
14151617181920
21222324252627
282930  

Search

Tag Cloud

Archives

Financial Times (September 7)

2015/ 09/ 07 by jd in Global News

Now nearing $500 billion a year, “stock buybacks are big and controversial.” Some claim buybacks are “killing the American economy…. Fine companies, the idea runs, sacrifice their future to satisfy cash-hungry hedge funds.” This is overblown. “Buybacks do not destroy the cash used. The cash goes to stockholders—often pension funds or mutual funds—that reinvest it, presumably in younger firms that are cash-starved and hungry to expand.”

 

[archive]