A rare moment of unity between President Trump and Democrats shows the power of populist disdain for buybacks, a practice that rewards shareholders and incentivizes executives
Rare moment of unity shows power of populist disdain for a practice that rewards shareholders, incentivizes executives
Companies on the S&P 500 have poured more than $5.3 trillion into repurchasing their own shares since 2010. WSJ explains how stock buybacks work, and why there's debate over whether or not they're good for the economy.As Congress rushes to bail out industries slammed by the coronavirus pandemic, President Trump has joined Democratic lawmakers demanding corporate aid include new restrictions on the stock buybacks that executives use to support the value of their shares.
“I am strongly recommending a buyback exclusion,” Mr. Trump said at the daily briefing of his coronavirus task force on Saturday, laying out his views on terms for government business assistance. “You can’t take a billion dollars of the money and just buy back your stock...
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