U.S. President Donald Trump on Friday took Boeing Co and some airlines to task for buying back shares with the cash boost from a 2018 tax break, vowing to ensure that companies benefiting from coronavirus stimulus won’t follow suit. By reducing the number of outstanding shares, a company can boost its stock price, and it is one way corporations add value for shareholders. Earlier this week, Trump said he did not like share buybacks, when asked by reporters if they would be permitted by a stimulus package being hashed out in Congress to help the American economy …read more
Source:: Yahoo Finance
