Debt and overleverage is stealing from the future. We got into 2020 with nearly every corporate in america deep into debt which used to finance buybacks. The last 3 years of profit and growth were stolen from the future by the CEOs and past shareholders of these companies, and now the Fed is bailing them out by encouraging even more debt and leverage during coronavirus crisis.
Do you have any examples of a corporation that took on debt to buy back stock?