Stock buybacks are no disease. Here’s how they really work

By William J. McNally

Stock buybacks are a disease! They suppress wages, drive inequality and destroy whole economies. So the Post reported on Aug. 21, in the article, “’The American Disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroad.” As a professor of finance and an expert on stock repurchases, I would like to clarify a few misconceptions and explain how stock buybacks work.”…

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