"Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings."
That's shocking, is this is a case of lying with statistics somehow? That paints such an ugly picture that I can't believe it's the first time I've heard anything about it.
That's shocking, is this is a case of lying with statistics somehow? That paints such an ugly picture that I can't believe it's the first time I've heard anything about it.