This is such a myopic take that doesn't add anything useful to the conversation Buybacks & CEO pay aren't why drugs are so expensive, but they are part of the problem, along with high drug prices Buybacks & prices are both ways to drive higher profits, which leads to higher pay
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Replying to @Andyriso @ModalSevenths
If the stock is undervalued the CO can buy their own stock, which pays off Shareholders, at a low price & can then reissue it when the price goes up, which is partly effected by the supply & demand for a stock It effects Ratios too because there are less assets & the same profit
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