News in Context: What are Stock Buybacks?

And how do they affect society, both positively and negatively?

Photo by John Guccione via Pexels

Sometimes when there is a corporate scandal, the media, and corporate watchdogs note that the corporation recently engaged in a stock buyback. The implication is that the corporation chose greed over another factor that may have prevented the scandal, such as shoring up internal finances, investments in safety, labor, product…