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D4rkhorse27 t1_j5vvp45 wrote

Cut 2 billion in salary while spending 47 billion on buybacks 🤣 Google logic

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Yoda2000675 t1_j5w71z8 wrote

Any good company will buy back shares when the price drops enough. Its a good strategy

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noobexperienced t1_j5w7skd wrote

That’s exactly what I thought. If they would be selling it’s when it’s sus

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employedGoldfish t1_j5ylgcd wrote

It's actually a narrative they push, that it's good for shareholders. If you look closely, it's mostly not. They issue as much as they buy back. Basically, what appears to be done for shareholders is actually going to exec or employee compensation.

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Grandmasterz9 t1_j5w30f6 wrote

What's wrong with that though lol

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employedGoldfish t1_j5yl83k wrote

They buy back with one hand yet issue more shares on the other. If you look at the amounts, it's a wash. The only big tech company that actually buys back and actually minimizes the outstanding shares, thus increasing the share price for shareholders is Apple.

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Plenty_good_stuff t1_j61ep4d wrote

Buybacks inflate shareholder value, fuck the employees

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D4rkhorse27 t1_j61jppm wrote

🤣👍 Exactly you have a fundamental understanding of the company’s core values

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