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It needs to do with either some sort of contract or neglience.

2006-10-10 03:54:38 · 2 answers · asked by alyssaann02 1 in Business & Finance Other - Business & Finance

2 answers

stock buybacks are a way of stealing money from shareholders.

members of management who own stock options benefit from share buybacks because money which should have been distributed to shareholders is instead added to the future value of the stock.

since public corporations are, by law, required to return profits to shareholders, this is quite illegal, yet many companies are doing this. example COX cable.

Whoever researches this will not only make a name for themselves, they will help hundreds of investors not get ripped off by greedy management.

2006-10-10 04:02:05 · answer #1 · answered by disco legend zeke 4 · 0 0

haliburton cheney's company had to return lots of money and pay fines and USA had to open rebuild Iraq contracts to others after dept of justice fined them and more.
there are lots of stories its recent, and bidding, work is still going on.
lots of people would like to hear your research on follow up of the doj orders.
I'd start with researching New York Times and Washinton Post and LA Tmes articles on the incidents. and the doj website.
good luck.

2006-10-10 11:09:59 · answer #2 · answered by macdoodle 5 · 0 0

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