Buybacks are a $1 Trillion Political Hot Potato — Here's Why Politicians and CEOs are Sparring Over Them
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- 2018 saw record share buybacks by S&P 500 companies following the GOP's tax cuts with more than $1 trillion in stock bought back.
- Bernie Sanders and former Goldman Sachs CEO Lloyd Blankfein have been feuding on Twitter about the value of the strategy ahead of potential Democrat plans to limit buyback options by corporations.
- Other leading figures in US politics have weighed into the debate including Steve Mnuchin and Elizabeth Warren...