Tag: BIRINYI ASSOCIATES
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Stock Buybacks: An Exploration of Corporate Share Repurchase Strategies and Their Impact on Investors
In May 2024, Apple announced a $110 billion stock buyback, its largest ever, highlighting the controversy surrounding stock repurchases. While they can enhance shareholder value by increasing earnings per share and offering tax efficiency, poorly executed buybacks can obscure management compensation and waste capital. Ultimately, successful buybacks depend on competent management and strategic execution within…