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Buybacks Work Until They Don't

GE Market Cap

Since 2008, GE has spent $53 billion on share buybacks for a market cap of $75 billion.

Go back a few more years and GE will have spend more on buybacks the the company is worth.

Aren't executive options and cash-outs great?

Recall that Angelo Mozilo, former Countrywide Financial CEO cashed out over a billion in stock options while running the company into the ground.

Share buybacks provide a strong bid for insider selling at exorbitant prices.

Mike "Mish" Shedlock

Comments (21)

No. 1-12



Essentially corporate America is being looted and nobody complains cause stock prices are going up, damn!



Once buybacks stop, 401K accounts will crash with the markets. The government won't get those future tax dollars they were counting on.



There’s no question that stock buybacks provide a “bid” For exec Comp, but that’s not the driver in doing a share buy back.

It has a lot more to do with the other less safe options on how to deploy the excess earnings. A company could increase its dividend but that may be...

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