Stock Market Record: Wall Street Celebrates, Workers Suffer
The Socialist Program with Brian Becker
Buybacks and Wealth Accumulation
Buying shares of a company one sells to another company can help secure a desired price. When companies repurchase their own shares, the board of directors and top management, who often own significant shares, can benefit financially. By using corporate assets to become significant buyers in the stock market, they drive up the stock price, making their own shares more valuable and thus increasing their wealth through their actions.
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