It seems C-level execs across industries believe buying back stock with profit/debt to unlock performance bonuses is a win-win.
This kind of stupidity is why I'm bearish on Apple. Companies should never prioritize financial engineering over R&D imo.
The company & shareholders will eat the disastrous consequences of this asinine thinking when the market next adjusts 30-60% and everyone realizes they were wasting money buying back stock at all time highs.
This kind of stupidity is why I'm bearish on Apple. Companies should never prioritize financial engineering over R&D imo.
The company & shareholders will eat the disastrous consequences of this asinine thinking when the market next adjusts 30-60% and everyone realizes they were wasting money buying back stock at all time highs.