A buyback or biotech bubble?

By Leo Kolivakis

“Steven Davidoff Solomon, professor of law at the University of California, Berkeley, wrote a comment for the New York Times, General Motors’ Stock Buyback Follows a Worrying Trend:

“General Motors’ announcement that it will buy back $5 billion worth of stock raises the question of whether the stock buyback has turned into a shareholder activist shakedown.”…

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