https://www.profitableratecpm.com/f4ffsdxe?key=39b1ebce72f3758345b2155c98e6709c
Share buybacks are widely misunderstood. This is true not only for investors but also for boards of directors. At the highest level, boards approve repurchase authorizations as “capital return,” much like dividends. But today, a growing share of buybacks represent not a payout choice, but an antidote to dilution of shares issued for stock-based compensation (SBC).
