What are stock buybacks? A finance professor explains why President Biden wants to raise the tax on this controversial use of corporate capital
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
Investors on Wall Street love share buybacks. AP Photo/John MinchilloCompanies have been buying back their own stock at record levels – something President Joe Biden doesn’t care for. In his state of the union address, Biden said “corporations ought to do the right thing” and invest more of their profits in producing more...
