Ok comrade. Do you realize how much cash reserves Apple is sitting on? Though I'm sure you'd rather they be forced to give that up so others can do what they deem is best for that money.
Some buybacks are absurd and detrimental, but making a blanket statement like that sounds like hysterical screaming at the EVIL CORPORATE CLOUDS. Even your democratic socialist utopias in Scandinavia don't outlaw them. I specifically read about significant buybacks in Norway and Denmark in Q1.
Yes Apple should pay more for sitting on a pile of cash that’s the size of a GDP of a top 60 economy in the world.
Wouldn’t you say making it more incentivized for companies spend on capital investment and organic growth prospects is healthier for our long term economy than juicing executive comp packages and stock prices temporarily?
Buybacks were considered market manipulation until the 1980s. Wonder why.