The buyback bogeyman is back. How worried should we be?

The buyback bogeyman is back. How worried should we be?

Even more aggravating: Exxon and Chevron announced last week that they would spend billions of dollars of their profits to buy back their own shares, fattening investors’ portfolios. Oil companies are not alone, but they have helped bring buybacks back into the spotlight. The share buyback debate has raged on and off for four decades, …

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