1. CEOs Love Share Buybacks for the Most Obvious Reason in The World

    CEOs Love Share Buybacks for the Most Obvious Reason in The World

    BlackRock CEO Larry Fink wrote to the chief executives of all the S&P 500 companies in April asking them to lay off on stock buybacks and dividend payouts, he ignited a debate about shareholder value. Now, it's easy to point to activist investors as the villains who force boards to return cash to shareholders at the risk of damaging companies' long-term development. But activists are not the only ones pushing for heightened returns...

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