http://www.zerohedge.com/news/2015-03-12/harvard-business-review-throws-all-over-stock-buybacksWhen even the Harvard Business Review throws up all over stock buybacks, you know it is only a matter of days before Obama signs an executive orders banning these for good (as he should have back in April 2012 when we explained why it is all the Fed's fault that instead of investing in growth and expansion, companies are instead cashing out their stockholders and boosting management equity-linked comp to record levels).
Taxpayers and workers brought GM out of bankruptcy, yet it is the hedge funds that will reap the biggest rewards. Taxpayers and workers should demand that open-market repurchases by all companies be banned. Stock buybacks manipulate the stock market and leave most Americans worse off. In this case, it is clear that what is good for the hedge funds is bad for the United States.