Archive for March 16th, 2006

Stock Buybacks Become Less Effective: 2005

Repurchases of company stock, mostly under the safe harbor exemption from market manipulation provided by SEC Rule 10b-18, set an all time record of $366 billion (net) in 2005. This was 260% of levels in 2004 and 880% of buybacks in 2002. Despite extremely aggressive tactics of corporate management to manipulate stock prices upwards and give […]

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