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212 points pseudolus | 2 comments | | HN request time: 0.009s | source
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akira2501 ◴[] No.42198624[source]
An entire department was just rendered useless. I genuinely don't feel bad.
replies(3): >>42198645 #>>42198780 #>>42198825 #
_DeadFred_ ◴[] No.42198825[source]
It was funny watching the warrior whatever site back in the day when Panda came along. Love when these people get their horrible business models kneecapped.

Now let's make corporate stock manipulation illegal again and ban corporate stock buybacks. Talk about a purely manipulative business strategy.

replies(2): >>42198845 #>>42200247 #
red_trumpet ◴[] No.42198845[source]
What's the problem with stock buybacks?
replies(3): >>42198921 #>>42198951 #>>42199483 #
_DeadFred_ ◴[] No.42199483[source]
They are nothing but direct stock manipulation that was 'legalized' at the same time where executive compensation was moved from salary to... stock, so that you end up with a quasi-legal (stock manipulation by executives is supposed to be illegal) corrupt incentives system.
replies(1): >>42199576 #
quickthrowman ◴[] No.42199576{3}[source]
Two things:

-Stock buybacks are not manipulation, they’re simply a way to return cash to shareholders and then the shareholder decides when to incur tax liability. A company is well within its rights to issue additional shares or buy back and destroy shares at their discretion. It’s functionally equivalent to a dividend without a taxable event.

-Corporate boards award stock grants to executives because they want management to be aligned with shareholders. I think executive compensation is excessive, but stock grants do align management and shareholders.

replies(1): >>42199770 #
1. chipsrafferty ◴[] No.42199770{4}[source]
Dilution is immoral and unfair to investors. If a company wants to raise money they should have to sell shares they own, not print more and sell those.
replies(1): >>42200380 #
2. l33t7332273 ◴[] No.42200380[source]
I think it’s kind of up to the investors what is unfair for them.