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Deep hypocrisy all around on stock buybacks and shareholder value. You can’t brag for years about record stock prices and then act like companies that did that earned punishment more than others. They did exactly what the laws were written/passed to encourage them to do.
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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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