Stock buy backs are better than stupidly high executive bonuses
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That's not the issue. The issue is that the game doesn't work if you allow a "heads I win, tails you lose" mentality. A company can pick up nickels in front of the steam roller, sure -- but we have no obligation to make the stockholders whole when they get run over.
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I don’t know why everyone keeps dodging this point. It’s not about the buybacks it’s about the buybacks + the bailouts. The airline industry is not going to disappear only the current shareholders and that’s okay.
End of conversation
New conversation -
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Doesn’t make it right
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