If I'm being honest, I don't understand this angle. Why are stock buybacks immoral or wrong? Isn't it simply using extra cash in a company to buy back stock from shareholders? With the same demand and reduced total stock, of course the price is going to go up. But the total market capitalization remains the same. I don't understand why this is somehow wrong. Can someone help me out?
So, I was curious. I looked up what percentage of the Forbes 400 is 'self-made' and it turns out to be about 60%. If measuring as coming from a middle-class background with no inheritance of the wealth.
i still blame everything on obama, especially if he had no part in it at all.
i burned my toast… thanks obama