I’m okay with buybacks because it’s the only way for a corporation to go private if they want to, and honestly I think the stock market would probably be a lot healthier if the idea was for corporations to eventually buy back stocks after going public instead of them getting traded like commodities. I mean, my understanding is that’s kinda how private investing works. You give someone money in exchange for ownership of a percentage of the company, a share of the profits, or whatever, and eventually the company will pay you back.
However, stocks that are bought back should be frozen for a certain period of or something; to keep corporations from using them to game the system.
Edit: I also think things like CEO bonuses and stocks should be capped to a percentage of their workers’ bonuses. If workers receive a $1,000 bonus, the CEO shouldn’t be getting $10 million. If the CEO wants to give themselves a $10m bonus, then that’s fine, they should just be prepared to shell out 6~7 figure bonuses to their workers.
I’m okay with buybacks because it’s the only way for a corporation to go private if they want to, and honestly I think the stock market would probably be a lot healthier if the idea was for corporations to eventually buy back stocks after going public instead of them getting traded like commodities. I mean, my understanding is that’s kinda how private investing works. You give someone money in exchange for ownership of a percentage of the company, a share of the profits, or whatever, and eventually the company will pay you back.
However, stocks that are bought back should be frozen for a certain period of or something; to keep corporations from using them to game the system.
Edit: I also think things like CEO bonuses and stocks should be capped to a percentage of their workers’ bonuses. If workers receive a $1,000 bonus, the CEO shouldn’t be getting $10 million. If the CEO wants to give themselves a $10m bonus, then that’s fine, they should just be prepared to shell out 6~7 figure bonuses to their workers.