zlacker

>>miohta+(OP)
Also:

"From 2001-2020, Intel blew $128 billion on buybacks (64% of net income) on top of paying out $68 billion as dividends (35% of net income),” notes Lazonick. That’s money that couldn’t go into innovation, retaining and training employees, R&D, and other critical areas.

https://www.ineteconomics.org/perspectives/blog/america-need...

>>miohta+w
>From 2001-2020, Intel blew $128 billion on buybacks (64% of net income)

Is that supposed to be a lot? Sure, hindsight is 20/20 and now we know they should have spent more on R&D, but what would be the correct amount? 50% 100%?

>>gruez+R4
"blew" isn't accurate because stock buybacks aren't spending money. That's kind of like saying contributing to an investment account is spending money.

You can sell the stock again, or use it for employee compensation.