Tax Cuts and Jobs Act: Most companies chose self-enriching option in column A, freak out over column B options

Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages.  (The New York Times, 2/26/2018)

Companies have announced plans for some of those investments. But so far, companies are using much of the money for something with a more narrow benefit: buying their own shares. 

Those so-called buybacks are good for shareholders, including the senior executives who tend to be big owners of their companies’ stock. A company purchasing its own shares is a time-tested way to bolster its stock price.

Apparently, it's morning in America again.

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