U.S. senators challenge the S.E.C. on share buybacks

By Steve Denning

“The decades-long diversion of business income to shareholders has resulted in a soaring stock market but also stagnating incomes for most of the population. If this gargantuan transfer of assets to the existing owners of shares is allowed to continue, nothing less than a global political or financial cataclysm—or both—is in the offing. The good news is that remedial action may be on the way.”…

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