SEC Commissioner Calls for Review as Buybacks Surge to $4.7 Billion a Day
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Published June 11, 2018
"Over the long-run, the current stock buybacks will likely mean lower potential returns for investors," said Joshua Escalante Troesh, a professor of entrepreneurship and personal finance at El Camino College in Torrance, California. "The money isn't being used to invest in company growth such as modernizing technology, developing new products, entering new markets, or investing in employee productivity through training."