threelonmusketeers@sh.itjust.works to Electric Vehicles@lemmy.worldEnglish · 5 months agoGM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinionelectrek.coexternal-linkmessage-square15fedilinkarrow-up1167arrow-down13file-textcross-posted to: automotiveelectricvehicles@slrpnk.net
arrow-up1164arrow-down1external-linkGM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinionelectrek.cothreelonmusketeers@sh.itjust.works to Electric Vehicles@lemmy.worldEnglish · 5 months agomessage-square15fedilinkfile-textcross-posted to: automotiveelectricvehicles@slrpnk.net
minus-squareRunawayFixer@lemmy.worldlinkfedilinkarrow-up18·5 months agoI’m tacking on this opinion article from 2020 with a few good examples/explanations of how bad stock buybacks are in the long term. https://www.forbes.com/sites/petergeorgescu/2020/05/13/stock-buybacks-are-banned-let-it-be-a-trend/ Boeing and general electric are of course mentioned. The line goes up, until it doesn’t. The key to being a successful CEO, seems to be, to be the one making the line go up and then gtfo before it comes crashing down.
I’m tacking on this opinion article from 2020 with a few good examples/explanations of how bad stock buybacks are in the long term.
https://www.forbes.com/sites/petergeorgescu/2020/05/13/stock-buybacks-are-banned-let-it-be-a-trend/
Boeing and general electric are of course mentioned. The line goes up, until it doesn’t. The key to being a successful CEO, seems to be, to be the one making the line go up and then gtfo before it comes crashing down.