Great article linked below, it's happened full tilt in Xerox, company coffers were raided to pump the share price.......
These guys know their game, the Xerox board was weak and they exploited that weakness, noow they maximize return by whatever means necessary. Just use the company resources to pump the share price. Question is, when do they accept they have enough?.... Should have bought at $17.....
https://realinvestmentadvice.com/stock-buybacks-arent-bad-just-misused-abused/
Correct. Except the board lacks any real corporate governance and oversight because Icahn owns the Board and he Owns the CEO. If current or former shareholders are deceived or experience a loss, they can absolutely sue due to dereliction of duty. Public companies must have oversight.
Thank you! It was a magnificent choose! It could have not been any clearer for investors!!! My gosh I hope someone lets them know about it, so they can finally see through the bs these filthy manipulators are doing. Or at least get to this page and see the real thing!