{"id":26083,"date":"2024-05-07T15:44:55","date_gmt":"2024-05-07T13:44:55","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=26083"},"modified":"2024-05-07T15:44:55","modified_gmt":"2024-05-07T13:44:55","slug":"abusive-share-buybacks","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/inequality\/abusive-share-buybacks","title":{"rendered":"Abusive share buybacks"},"content":{"rendered":"

In 10 years, Apple spent $ 625 billion<\/strong> buying back its own shares.<\/p>\n

This astronomical sum is equivalent to the market capitalization of the entire major Standard & Poor’s index, which includes 492<\/em> companies !<\/p>\n

Financial engineering at its most dubious.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 10 years, Apple spent $ 625 billion buying back its own shares. This astronomical sum is equivalent to the market capitalization of the entire major Standard & Poor’s index, which includes 492 companies ! Financial engineering at its most dubious.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941284,648941294],"tags":[],"class_list":["post-26083","post","type-post","status-publish","format-standard","hentry","category-inequality","category-neoliberalism"],"yoast_head":"\nAbusive share buybacks - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/inequality\/abusive-share-buybacks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abusive share buybacks - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"In 10 years, Apple spent $ 625 billion buying back its own shares. This astronomical sum is equivalent to the market capitalization of the entire major Standard & Poor’s index, which includes 492 companies ! Financial engineering at its most dubious.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/inequality\/abusive-share-buybacks\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-07T13:44:55+00:00\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Abusive share buybacks\",\"datePublished\":\"2024-05-07T13:44:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks\"},\"wordCount\":40,\"commentCount\":0,\"articleSection\":[\"inequality\",\"neoliberalism\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks\",\"name\":\"Abusive share buybacks - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\"},\"datePublished\":\"2024-05-07T13:44:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/inequality\\\/abusive-share-buybacks#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/michelsanti.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abusive share buybacks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. 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