The Politics of Share Buybacks

I think the share buyback thing probably bothers him a lot. Because you're taxing something, which is an ethical use of it. I also think that it probably bothers him because it does encourage not on ethical behavior and because you don't really need to encourage more buybacks. As we know, management is very inclined not to buy back stock. And he's kind of shifted in terms of how he's going to talk about shareholders and stuff. He made a very strong point of saying individuals.