Share buyback machine now in overdrive—dropping a strong hint at what CEOs plan to do with tax savings

By Ciara Linnane and Tomi Kilgore

“Long-term investors and workers hoping that the tax overhaul and repatriation holiday will encourage investment in growth and a rise in wages should brace for disappointment.

A spike in share buyback and special dividend announcements in the past 10 days reveals that companies are more likely to use any money saved on an all-too-familiar item: shareholder returns.”…

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