Buybacks and Shareholder Returns
Repurchases as capital allocation and as political argument. The case against is made mostly in William Lazonick's Harvard Business Review essay Profits Without Prosperity rather than in books.
8 books · 4 people behind it
Start here
- Dear ChairmanJeff Gramm, 2016
- The OutsidersWilliam N. Thorndike, 2012
- The Essays of Warren BuffettWarren Buffett, Lawrence A. Cunningham, 1997
The people behind it 4
Each person holds a book in this entry or names it in their own tags.
Investors 1
Academics 2
Journalists 1
Books 8
Warren Buffett, Lawrence A. Cunningham · 1997 · The clearest statement of when a repurchase creates value and when it destroys it.
William N. Thorndike · 2012 · Buybacks done well: eight chief executives who repurchased counter-cyclically.
Tim Koller, Richard Dobbs, Bill Huyett · 2010 · Shows arithmetically that payout choice alone does not create value.
Jeff Gramm · 2016 · Letters from investors demanding cash back, from Graham onward.
William W. Priest, Lindsay H. McClelland · 2007 · Dividends plus repurchases plus debt paydown as one measure of what shareholders get.
Harry DeAngelo, Linda DeAngelo, Douglas J. Skinner · 2009 · The academic survey of dividends against repurchases.
William Lazonick, Jang-Sup Shin · 2020 · The academic case that repurchases hollow out corporate investment.
David R. Giroux · 2021 · A large-fund manager's framework for ranking buybacks against alternatives.