High CEO pay due to stock buybacks?

By Bruce Thompson

When corporations report their financial results, they subtract their expenses from their revenues to get their net income. Traditionally, net income has two uses. Part can be sent to the firm’s shareholders as a dividend. The remainder is reinvested in the business, for instance by supporting research, adding to or improving the firm’s facilities or developing new products. This year’s retained earnings are added to those from previous years to calculate the shareholders’ equity.”…

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