3 Matching Annotations
- Apr 2023
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www.cnn.com www.cnn.com
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But share buybacks are also increasingly under fire. President Joe Biden, a frequent critic of share repurchases, included a 1% tax on share repurchases in the Inflation Reduction Act passed by Democrats in Congress last year.
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The $11.8 billion mistake that led to Bed, Bath & Beyond’s demise by Chris Isidore
Share repurchases of $11.8 billion since 2004 may have led to the downfall and ultimate bankruptcy of Bed, Bath, & Beyond.
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Share repurchases are a way for companies to return cash to shareholders indirectly, without them having to pay taxes as they would on a stock dividend. The idea is that by reducing the number of shares outstanding, each remaining share of stock in the hands of investors becomes more valuable.
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