Why Salesforce’s $50B Buyback Didn’t Save the Stock
Why Salesforce’s $50 Billion Buyback Didn’t Save Stock I’ve seen boards of directors hide behind buybacks for years. It’s one of the cleanest ways to appear decisive without changing the business. (PYPL) was the last one. (CRM) authorizes a $50 billion buyback. The stock falls. (DIN) leans towards return on capital. The stock goes up….